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Philips elevates China's market status

A Royal Philips Electronics NV booth at an exhibition in Beijing. China has been designated as one of the company's home markets. Philips is encouraging regional markets to learn from the country for faster growth. [China Daily] Royal Philips Electronics NV has elevated China's ...

Scholar offers tips for major firms in China

Kenneth Lieberthal, author of the book Managing the China Challenge: How to Achieve Corporate Success in the People's RepublicNEW YORK - China's nonstop economic growth presents multiple opportunities for companies that understand the ins and outs of China, said scholar Kenneth ...

London Luxury Quarter aims for rich Chinese

Flags for luxury brands hang in New Bond Street, in London. China is the world's second-largest consumer of luxury goods, after the United States, according to Bain and Company. [Photo / Agencies] SHANGHAI - London Luxury Quarter (LLQ), a new luxury shopping district promoted by ...

Experts: Tax threshold must rise

A tax office in Zhengzhou, Henan province. A higher tax threshold will result in a loss of more than 109 billion yuan ($16.8 billion) in government tax revenue, according to a statement from the Ministry of Finance. [Photo / China Daily] Survey finds more than 50 percent of ...

Minimum wage may not pay off for some

The beneficiaries of the minimum wage ordinance in Hong Kong are mainly security guards, catering workers and cleaners, who usually earn HK$4,000 to HK$6,000 a month. [Photo / China Daily] Job fears grow as employers struggle with new rate, Andrea Deng reports from Hong Kong. ...

Worst drought in 50 years along Yangtze

A fisherman tries to paddle his boat through a stream amid the partially dried-up Honghu Lake in Honghu city, Central China's Hubei province, on May 20. [Photo / Xinhua] Dry spell ravages Central China WUHAN - The worst drought in 50 years to hit provinces along the Yangtze River ...

Steel output may fall as power cuts loom

A worker cuts steel bars at a steel mill in Huaibei, Anhui province. Thousands of small mills will face power shortages because the government will first guarantee electricity to residential users. [Photo/ China Daily] BEIJING - The production of crude steel in China may start to ...

Tightening, EU hit markets

PetroChina Co displays equipment at an expo in Beijing. The company sank to a six-month low on Monday as crude dropped. [Photo / China Daily] Benchmark declines the most since January 17 on earnings outlook SHANGHAI - China's benchmark stock index fell the most in four months on ...

UK's rating is downgraded

Shoppers in Oxford Street, London. Dagong's downgrade of the UK came after Standard & Poor's revision of the outlook for Italy's sovereign debt from stable to negative on May 21. [Photo / Agencies] Chinese exports to Europe will be largely unaffected, economists say SHANGHAI - ...

Europe remains key for exporters

Workers sort frozen mushrooms for export to Europe at a factory in Rizhao, Shandong province. The European Union, the United States and Japan were China's top three trading partners in 2010. [Photo / China Daily] Report signals that the trading bloc will continue to be the main ...

Property switch loophole blocked

Govt targets commercial spaces converted into residential homes Property developers will be banned from converting new commercial spaces into residential apartments, a major target for speculators looking to get around the price cooling measures. According to a new regulation ...

Gamesa benefits from China's wind policy

The Chinese government is asking for larger wind turbines, as locations with superior wind resource have already been taken, leaving the areas where wind power generation requires larger and stronger wind turbines. [Photo / Bloomberg] MADRID - About 350 kilometers from Madrid, ...

Gamesa benefits from China's wind policy

A wind farm in China, the world's largest wind power country by installed capacity. About 350 kilometers from Madrid, the capital of Spain, Europe's second-largest wind power country, the world's largest onshore wind turbine has been in operation for two years. The 120-meter-high ...

Mercedes-Benz expands R&D for Chinese market

Ulrich Mellinghoff, head of safety development at Mercedes-Benz BEIJING - Daimler AG's Mercedes-Benz plans to provide more tailor-made vehicles and technologies to cater to customers' increasing demands in China, the luxury carmaker's third-largest market. Ulrich Mellinghoff, ...

Paper kettle

An Italian designer, Andrea Ponti, designed a recycled paper-made water container for the Milano Expo 2015, according to yankodesign.com. The "Life" is an one-day-use bottle crafted from natural cotton and recycled paper layer, and it doesn't use any chemical ink or adhesives ...

May's PMI drops to lowest in 10 months

Based on incomplete data, the purchasing managers' index (PMI) in May is estimated to be 51.1 its lowest level in 10 months indicating that growth momentum has been weakened due to the current trend of deflation, according to a PMI preview report released by HSBC. The PMI is an ...

Three executives quit Li Ning

A Li Ning store. The sports ware maker reports a decline in orders for two quarters in a row. Three top executives have quit Chinese sports ware maker Li Ning Co Ltd, dealing with a blow to the company which has been reeling from its rebranding strategy over the past two years. ...

Kindergarten founder learns to grow with the times

Tong Yongrong and children pose for a picture at her Xiaoxiao Kindergarten in Hangzhou, the capital of East China's Zhejiang province. [Photo / Provided to China Daily] BEIJING - Appropriately, Tong Yongrong's family name means "children" in Chinese. The founder and chairwoman of ...

Qi Baishi painting auctioned for record $65m

Chinese painter Qi Baishi's work that was sold for 425.5 million yuan on Sunday night at a Beijing auction. [Photo /China Daily] BEIJING -- A painting by contemporary Chinese artist Qi Baishi was sold by Beijing-based China Guardian on Sunday for 425.5 million yuan ($65 million), ...

RRR rises stifle private sector: Economist

China has raised interest rates twice this year - its benchmark deposit rate now stands at 3.25 percent and its lending rate at 6.31 percent. [Photo / China Daily] SHANGHAI - China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight ...
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Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...

market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...

company

industry

China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...

trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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