Mainland China’s largest hypermart operator Sun Art Retail expects its e-commerce platform Feiniu.com to reach 10 billion yuan in sales over the next two to three years, the firm’s executive director Peter Huang Ming-tuan said at a press briefing this morning as the retaiMonday, 2 March, 2015, 2:21pm
Mainland China’s second interest rate cut in three months has more of a psychological, rather than physical, impact on the struggling property market, industry analysts said.18 Apr 2015 - 5:22pm
Activity in China’s factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed.2 Mar 2015 - 12:52pm
The mainland’s gross domestic product growth is expected to slow to 7 per cent in the first quarter of this year, a top government think thank said in a report on Monday, following the central bank’s second benchmark rate cut in less than four months on Saturday.2 Mar 2015 - 10:01am
Multinationals worried about being targeted in government investigations are scaling back mainland investment for the first time in a decade, according to a report on foreign-owned operations in southern China.2 Mar 2015 - 8:11am 3 comments
Beijing unveiled tax reductions for small companies in a bid to ease their financial burden amid a weakening economy and free up funds for them to invest in technology.26 Feb 2015 - 3:31am 1 comment
Activity in China’s mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support.25 Feb 2015 - 10:58am
Mainland Chinese consumer confidence softened to record lows this month, as personal finances deteriorated, according to a joint statement issued by Westpac and MNI.
The consumer sentiment index in China declined to 112 in February from 112.1 in January, the survey showed. It has been hovering around the record low of 110.8 in September 2011.25 Feb 2015 - 10:45am
The outlook for business conditions in China over the next three months fell to a record low in February, according to the MNI China Business Indicator.18 Feb 2015 - 5:24pm 1 comment
As Chinese leaders attempt to guide their slowing economy into a soft landing, they’re counting heavily on People’s Bank of China Governor Zhou Xiaochuan to keep conditions stable.17 Apr 2015 - 4:17pm
Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 per cent from a year earlier to US$13.9 billion (HK$108 billion) as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry.16 Feb 2015 - 12:56pm
Top leaders in Beijing have pledged to rebalance China's economy to rely more on innovation and entrepreneurship to help drive growth amid the continuing slowdown.13 Feb 2015 - 5:59am
Mainland department store operator Parkson Retail Group said full year profit dropped 33.5 per cent, dragged down by the costs of disposing old underperforming stores as it attempts to transform itself into a mall-like lifestyle experience.
“You can sense that the challenges that we face are unprecedented,” chief executive Shaun Chong Sui Hiong said.12 Feb 2015 - 7:45pm
China’s recent measures to further restrict the Internet will cause massive harm to foreign and domestic business and the curbs risk becoming a tax on companies operating in the country, the European Chamber of Commerce warned yesterday.12 Feb 2015 - 5:20pm 1 comment
China is in talks with 28 countries including Russia, about high-speed rail projects, state-backed train maker China CNR said on Wednesday.
Yu Weiping, vice president of CNR, said though some of the projects in the 28 countries are in very early stages of discussion.11 Feb 2015 - 6:02pm