Wednesday, July 22, 2015
Foreign investment into China rose 8.0 percent in the first half of this year as mergers and acquisitions by overseas companies more than quadrupled in value, the commerce ministry said Tuesday.
Chinese budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan (US$2.04 billion), citing growth in both international and domestic air travel.
The Chinese arm of Dutch electronics giant Philips is being sued by an official government villa in Beijing over alleged false advertising of air purifiers, a court said Tuesday.1 Comment
Saturday, July 18, 2015
World Bank president Jim Yong Kim denied Friday that his organization had been pressured by China to remove criticism of the country's financial system from a report.
The Chinese joint venture between Fiat Chrysler Automobiles and the Guangzhou Automobile Group has announced plans to create a news sales company as it expands its SUV production in China.
Thursday, July 16, 2015
China's GDP expanded 7.0 percent year-on-year in the second quarter, official data showed Wednesday, beating expectations as months of central bank policy stimulus helped support the world's second-largest economy.
Wednesday, July 15, 2015
China's property market is warming up again in first-tier cities.
China's Communist government has averted a stock market crash -- for now -- but it will take the world's second-largest economy longer to repair tarnished reform credentials and investment sentiment battered by its heavy-handed intervention.
Liu Yiqian, a Chinese billionaire, expanded his gain by nearly 340 million yuan (US$54.8 million) after purchasing millions of stocks during the market downtrend last week, when the government rolled out a series of measures to prop up market sentiment and restore investor confidence.
China's bank lending rose in June and the broader money supply also increased, the central bank said Tuesday, as monetary easing measures to boost the world's second-largest economy kick in.