China / Economy

China's 2013 M&A value hits record high

[2014-01-22 20:44]

The total value of mergers and acquisitions (M&A) in China reached a record high of 260 billion US dollars last year, a PricewaterhouseCoopers (PwC) report showed on Wednesday.

ICBC made $347b in '13 cross-border business

[2014-01-22 20:25]

Industrial and Commercial Bank of China announced on Wednesday its cross-border currency business garnered more than 2.1 trillion yuan ($347.04 billion) in 2013.

Chinese transfer $458.3 billion overseas in 2011

[2014-01-22 20:08]

About 2.8 trillion of the 33 trillion yuan ($5.45 trillion) of assets owned by rich Chinese was transferred overseas in 2011, equivalent to 3 percent of China's GDP in the same year, according to a blue book published on Wednesday.

China to host APEC technology fair

[2014-01-22 18:37]

Yiwu, Zhejiang province, will host the eighth APEC Small and Mid-sized Enterprises Technology Conference and Fair in June, government officials said.

Topping out of 1st hotel in Shanghai Disney Resort

[2014-01-22 18:32]

The first of two Disney-themed hotels in the Shanghai Disney Resort topped out on Wednesday.

China begins receiving oil from Russia

[2014-01-22 03:27]

Oil supply from Russia offers China more import sources and enhances the nation's energy security.

Remy Martin in low spirits as crackdown drains brandy sales

[2014-01-22 01:16]

France's second-biggest distiller Remy Martin can no longer count on the Chinese New Year for a bonanza this Spring Festival because of the government's crackdown on extravagant spending.

Carlyle sells Haier stake for $285m

[2014-01-21 21:51]

Private equity firm Carlyle Group raised $285 million through selling its stake in Chinese home appliance producer Haier Electronics Group.

Internship match website coming to China in future

[2014-01-21 21:41]

Chegg, a US company that specializes in online textbook rental, homework help and scholarships, plans to expand its business in China in 2014, Dan Rosensweig, president and CEO of the company said at a news briefing in Beijing on Tuesday.

China nabs 60,000 copyright pirates in 2013

[2014-01-21 21:03]

As many as 59,222 people suspected of intellectual property rights (IPR) infringement were seized by Chinese police in 2013, the Ministry of Public Security revealed on Tuesday.

China central bank injects $42b

[2014-01-21 20:49]

The Chinese central bank pumped 255 billion yuan (42 billion US dollars) into the money market on Tuesday, easing concerns over financial risks in the world's second-largest economy.

China-Japan trade dip mostly due to economy

[2014-01-21 20:23]

The decline in China-Japan trade in 2013 was the result of many factors, but the main causes were economic, Shen Danyang, spokesman for the Ministry of Commerce, said on Tuesday.

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