MUMBAI - Chinese tech giant Xiaomi on Monday announced plans for its second manufacturing plant in India, which will substantially boost production rates and further the company's expansion ambitions for the country.
Japanese camera maker Canon Inc said it is stepping up its efforts to expand into the medical equipment, video surveillance and the commercial printing sector in China this year, as the Chinese market has become an important engine for the company's growth.
Standard Chartered Plc said on Monday it will increase investments in China this year with a focus on digital banking, wealth management and its renminbi business while seeking to partner up with the Chinese side under the Belt and Road Initiative, the group's chairman said.
China's economy is very resilient and it need not worry about its current growth slowdown, said Paul Romer, chief economist of the World Bank. He also suggested that China should share its growth experiences with other developing countries to help them emulate its economic success.
Share prices of China Shenhua Energy Co Ltd - the country's biggest coal producer - surged 16.28 percent to close at HK$19.14 ($2.46) in Hong Kong on Monday, outperforming the city's benchmark Hang Seng Index which gained 0.79 percent to 24,502 points, after a major leap in earnings for last year was reported.
BEIJING - Chinese stocks fluctuated and struggled to end the trading day in positive territory on Monday, with the benchmark Shanghai Composite Index up 0.41 percent to 3,250.81 points. The smaller Shenzhen index closed 0.16 percent higher at 10,532.33 points. The ChiNext Index, which tracks China's high-growth enterprises, gained 0.21 percent to close at 1,953.82 points.
Ping An Bank said it will step up efforts to control nonperforming assets and strengthen risk management this year, by enhancing loan-providing thresholds and imposing limit management measures on highly risky industries.
BEIJING - The tide may be slowly turning for Chinese bonds.
Although the battle between the management team of China's largest property developer China Vanke Co and its major shareholder Baoneng Group has come to an end, experts said regulators should perfect systems to prevent chaotic market transactions.
Even though the snow leopard in the Sanjiangyuan region, an area of the Tibetan Plateau in Qinghai province, is at the top of food chain, it is now being challenged by the Tibetan mastiff.
Three relatively unknown Spanish architects - Rafael Aranda, Carme Pigem and Ramon Vilalta - recently won the prestigious Pritzker Prize for modern works that are deeply rooted in their local surroundings.
As global warming reshapes the Arctic and Antarctic, a new museum built by the son of a renowned French explorer aims to show "the beauty of polar landscapes" and illustrate the consequences of climate change.
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