Staff at some securities brokerages in China appear to be in for hard times as their employers are said to have cut salaries as well as human resources, after the business related to initial public offerings or IPOs began to shrink, industry sources said.
In Western mythology the most famous horse is that of Troy, the giant wooden ruse that the Greeks used to wrong-foot their enemy.
The young man - or per-haps an old adolescent - is visibly tired: sitting on a stool with head buried in his lap and his forehead rested on one arm, he confronts the viewer with a full crop of exuberant curls.
Industry veteran Jack Howell has taken on leadership positions in Asia's insurance sector for more than a decade. Seeing that the burgeoning insurance market in the region is underpinned by the rise of the middle class, the CEO of Zurich Insurance Asia-Pacific is looking to enhance the group's presence in its existing markets.
Editor's Note: This year marks the 40th anniversary of China's reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country's socioeconomic development.
National Bureau of Statistics data show Chinese consumers spent 3.96 trillion yuan ($620 billion) on food and drink in 2017, up 10.7 percent year-on-year, with a higher growth rate than the consumer goods sector's average.
China's plans to slash its automobile import tariffs are expected to fuel sales of premium SUVs and new energy cars, which are already riding high in the country.
The online retail sector maintained rapid growth in the first four months of the year amid the ongoing trend of internet giants moving their presence offline.
Switzerland-based food and beverage giant Nestle SA announced it has sold a 95 percent stake in one of its Chinese dairy manufacturing facilities to a local player, as it looks to reduce its raw milk powder output in an oversupplied market.
The China Banking Association is encouraging overseas banks to set up branches and explore opportunities for business cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area.
A significant portion of the world's largest public sector investors have said they will grow their holdings of renminbi-denominated assets during the next 12 to 24 months, according to a new survey by the London and Singapore-based think tank Official Monetary and Financial Institutions Forum.
Please use three words to describe China's changes in the past 40 years.
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