Although China had seen rapid reform in its financial sector in recent decades, rural financing is relatively weak. More and more foreign banks flock to the country's rural areas to open county bank branches, competing in the rural finanicil market.
In an eventful month since the highly publicized opening of the high-speed rail link between Beijing and Shanghai, airline companies are still trying to figure out what impact the service will have on their income from the busiest and most profitable domestic route.
German logistics service provider BLG Logistics Group officially entered the Chinese market by establishing a local joint venture on Tuesday, saying that it saw a promising future in the world's largest vehicle market.
Chinese consumer confidence slipped 3 points to 105 in the second quarter. It's the first decline this year and comes amid concern over growing inflation, according to a report by The Nielsen Co released on Tuesday.
Shares of Great Wall Motor Co fell the most in more than two months in Hong Kong trading on Monday. The decline came after Wei Jianjun, the company's chairman, said China's largest maker of pickup trucks may not meet its 500,000-unit sales target this year.