Chinese women are splashing out more on beauty products, and at an earlier age than ever. As increasingly sophisticated consumers, they are pushing an already enormous global industry to new heights and reinforcing the rise of Asian-born companies in the sector.
The Louvre Abu Dhabi, a museum in the cultural district of Saadiyat Island, shines among the latest attractions in the United Arab Emirates' capital and it has become a magnet to Chinese visitors.
Digital platforms are thriving in China and now the "vlog" - a short video focusing on self-expression - has burst onto the scene, rapidly gaining popularity among young people.
Industrial output saw sustained growth in May, providing further evidence of economic stability, according to official data issued on Thursday.
China should make great efforts to identify, warn of and handle financial risks as early as possible so that the risks can be "nipped in the bud", said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission.
The People's Bank of China, the central bank, will issue several policies to facilitate opening-up of the financial sector in Shanghai in line with the plans to transform the city into an international financial center, a top official said on Thursday.
Non-financial outbound direct investment continued to see strong growth in the first five months of 2018, according to data from the Ministry of Commerce.
After the success of Alibaba Group Holding Ltd's Singles Day Festival on Nov 11, which has made its mark in the world's retail calendar, e-commerce platforms in China are now drumming up efforts to create other made-up holidays to ride the consumption boom.
LOS ANGELES - Chinese gaming companies were busy exploring new opportunities at the annual Electronic Entertainment Expo (E3) at the Los Angeles Convention Center in the western US state of California.
Foreign investors are expected to increase their fund allocation in China's A-share market as the new rules for the Qualified Foreign Institutional Investor and the RMB Qualified Foreign Institutional Investor programs will liberalize capital flows and improve forex risk controls.
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Raymond Zhou
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