German wholesaler Metro AG's decision to sell a majority stake in its Chinese operations to Beijing-based Wumei Technology Group has highlighted the growing challenges faced by international retailers and the rise of domestic retailing companies.
More types of debt assets have been identified by China's financial regulator as "nonstandard" and will face tighter scrutiny from 2020, as the country steps up its efforts to rein in the shadow banking sector and control financial risks.
China has stepped up again to help Zimbabwe in a moment of need. This is after the Harare City Council last week approved four Chinese companies to implement over $1 million worth of critical water and wastewater works intended to end the capital city's water crisis.
The opening of China's payment clearing market will prompt domestic third-party payment processors to comply with international rules, bolster their capabilities to deliver cross-border payment services, and give them a better chance to contain financial risks, analysts said.
New trends driven by intelligent technologies and consumer behavior are reshaping products and services, Accenture says
For the first time in her life, Louisa Traore, 29, a private school English-language teacher from Pretoria, South Africa, tried to get a suit custom made. What encouraged her was her presence in Wuxi, Jiangsu province, in East China, and the idea that she can get a suit made without the help of dressmakers.
I love trying out different things but driving, until recently, wasn't one of them. My mind imagines driving to be a hazardous task that requires skills to negotiate sharp bends, bumps, irresponsible pedestrians, and vehicles zipping past me on narrow roads.
Sinochem Energy Co Ltd, the energy business arm of State-owned Sinochem Group, will operationalize the second phase of its Quanzhou refinery base in East China's Fujian province in 2020.
China's industrial internet will be able to seek even faster growth with the commercialization and prevalence of 5G, experts said.
The ongoing US-China trade dispute should not have arisen in the first place, if trade imbalance is the core issue. Consider this: only China has the capacity to satisfy America's huge appetite and demand for products.
Soon after the celebrations of the 70th anniversary of the founding of the People's Republic of China, where basketball is heading for the big time, the NBA crisis quickly reached the Top Hot-Search Index.
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Raymond Zhou
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Chen Weihua
