China is likely to displace Britain as the world's second largest wine consumer, in terms of value, by 2021, according to research from Vinexpo, one of the largest exhibitions for wine and spirits professionals globally, and the UK-based International Wine and Spirit Research.
Global sales of smartphones declined in the fourth quarter of 2017 due in part to lagging demand in China, according to two consulting companies.
The Asian Infrastructure Investment Bank will further enhance cooperation with the Hong Kong Special Administrative Region in boosting the Belt and Road Initiative, AIIB President Jin Liqun said on Saturday.
Demand for European luxury goods is expected to continue in China, but in a more rational way, due to the ongoing efforts by the central government to curb capital outflows, industry experts said.
The battle between China's top two internet heavyweights has reached a new high, with Tencent Holdings Ltd making an intensified push into the offline retail market, where its arch rival Alibaba Group Holding Ltd has an established presence.
SHANGHAI - China's stocks recouped early losses sparked by a slide on Wall Street and ended higher on Monday, underpinned by robust gains in banking and transport shares that offset a slump in consumer shares.
Leshi Internet Information and Technology, the listed arm of technology company LeEco, expects 5.62 billion yuan ($894 million) of debts to mature this year. The debts were only a part of the company's total unpaid liabilities from financing and loans worth 9.29 billion yuan as of the end of last year, according to a statement issued by Leshi.
Mobile gaming is growing stronger in China as the millennials' purchasing power increases, according to a report.
Sohu Focus, an internet-based housing data provider, has entered the long-term apartment rental segment.
BEIJING - China's vast market and surging demand in the aerospace sector is inspiring more European companies to strengthen their presence in the country.
Chinese travel agencies are excited about the future of customized corporate travel that involves trips for team building, conferences, exhibitions and business exploration.
BEIJING - Those involved in illegal capital market activities have reasons to be fearful in 2018 as China's top securities watchdog takes a tougher stance on market irregularities.
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Raymond Zhou
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