China world's biggest luxury consumer

2014-02-21 16:03:14

While the rest of the world cuts back on spending, Chinese consumers bought 47 percent of all luxury goods in the world in 2013, according to a report by Fortune Character Institute.

China Telecom ready to take on the world

2014-02-21 07:18:47

China Telecom Corp Ltd, the largest fixed-line service and the third-biggest mobile network operator in China, aims to become a world leader in integrated information services by 2016.

Guizhou sees sunny future in the cloud

2014-02-21 07:18:47

Southwest China's Guizhou province is pinning its economic hopes on big data and cloud computing, local officials said on Thursday.

Chinese capital will give Peugeot new drive

2014-02-20 07:38:05

Dongfeng Motor's purchase of a stake in French firm will allow it access to new technology and markets, report Li Fangfang in Beijing and Li Xiang in Paris

Alibaba site offers channel to foreign products

2014-02-20 07:38:05

Alibaba Group Holding Ltd, China's e-commerce giant, officially launched an independent website on Wednesday to allow overseas brands and merchants to sell directly to Chinese online shoppers.

Probes 'not targeting' foreign firms: Official

2014-02-20 07:38:05

An official of China's antitrust regulator on Wednesday denied there is any implicit agenda behind its investigations of foreign companies, while confirming that two foreign telecommunications companies are being probed.

China cuts Treasury holding

2014-02-19 11:31:23

China, the largest holder of US debt, cut its holdings of US securities for the second consecutive month in December, according to the latest data released by the US Treasury Department.

US woos TPP public support

2014-02-19 11:31:23

The US government has been struggling to win support among the public and lawmakers for the Trans-Pacific Partnership (TPP), not to mention other free trade agreements.

Internet finance set for new rules

2014-02-17 14:12:18

The China Securities Regulatory Commission and other regulators will formulate regulations on Internet finance to promote the sound development of the sector, a CSRC spokesman said on Friday.

Finding real wealth in health industry

2014-02-17 07:23:05

It may be the best time ever to be living right now. Over the past four decades, the life expectancy of Asians has increased by more than a decade to more than 70 years, thanks to the development of the healthcare industry.

Chinese banks' profits to slip further in 2014

2014-02-14 15:13:09

Tight liquidity and further liberalization of China's financial sector will continue to squeeze banks' profits and add bad loans.

Chinese companies betting big on island casino investment

2014-02-14 07:18:40

Several Chinese listed companies have announced plans to enter the gambling industry through offshore investment.