world

Huang Nubo, chairman of Zhongkun Group, foreground, shows a map of northern europe as he introduces his land-purchasing plan in Iceland to the press at a meeting room of his company's headquarters building in Beijing, Sept. 2, 2011. [Photo: CFP] Iceland government turned down ...
Luo Yonghao (right) uses a hammer to smash Siemens refrigerators, which he and many netizens claim to have design flaws, in front of the company's China headquarters in Beijing on Sunday. [China Daily] Renowned blogger Luo Yonghao smashed three Siemens refrigerators in front of ...
Ajisen fined over false ads Japanese noodle chain Ajisen Ramen was fined 200,000 yuan (US$31,502) for providing false information about the nutritional content of its soup bases, the Shanghai Industrial and Commercial Administrative Bureau said late on Friday. In July, it was ...
A Nestle SA Nescafe booth in Zhengzhou. Having been involved in China for 20 years, Nestle is the leader in the field of instant coffee, with around 75 percent of the market share. [China Daily] The global food and nutrition giant Nestle SA plans to double the scale of its ...
A bill proposed by two U.S. senators late last month which seeks to tempt foreigners into buying houses with the promise of residence visas has been fiercely criticized in China, according to the Beijing News. A bill proposed by two U.S. senators late last month which seeks to ...
[By Zhou Tao/Shanghai Daily] Despite recent signs of homes getting more affordable, China's war against its stubbornly high property prices looks set to be a long one, as the government has repeatedly pledged to continue its market curbs until prices descend to a "reasonable" ...
Customers enjoying hotpot at a Little Sheep outlet in Nanjing on Tuesday. Yum! Brands Inc gained approval on Monday to acquire a further 66.05 percent of Little Sheep Group Ltd. [China Daily] Wandle Investments Ltd, a unit of New York Stock Exchange-listed Yum! Brands Inc (Yum), ...
China's hotel market is expected to overtake the United States to be the world's largest from 2025, according to a report issued by InterContinental Hotels Group (IHG), the largest hotel company in the world by number of rooms. It is estimated China will have 6.1 million hotel ...
A number of leading real estate brokerages have started shutting outlets, as the government's ongoing property-tightening measures cause transactions to slump and the price of pre-owned homes to hit a record low. [China Daily] China's real estate market is reaching a critical ...
Demand for online Chinese meal ordering and delivery services has increased in recent years in mega cities such as Beijing and Shanghai but experts say companies need to improve service quality to attract more customers. The growing pace of life and the long lines of people ...
China's instant noodle and beverage heavyweight Tingyi Holding Corp. on Friday signed an agreement with soft drink giant Pepsi to create a strategic business alliance in China. Based on the agreement, Tingyi Holding's affiliate company, Tingyi-Asahi Beverages (TAB) Holding, will ...
As Chinese companies embark on a wave of overseas expansion, managers of office buildings overseas are seeing an increasing number of business opportunities amid a faltering economic recovery and are flying to China to seek potential Chinese tenants. Anthony Malkin, president of ...
For Wal-Mart in China, trouble comes in bundles. Within a month's time, a Chongqing branch faced a pork scandal, and its CEO called it quits. Now, the global retail giant is under fire again with reports that one of its outlets in Dalian, Liaoning Province, has refused to pay ...
[By Zhou Tao/Shanghai Daily] For a long time Wenzhou in Zhejiang Province, a hub of private enterprises, has arguably been a poster child of China's robust private sector. Yet the recent cash flow debacle that unfolded there has seriously called that perspective into doubt. ...
The restriction on home purchases have cooled down the housing market since its introduction this year. [Xinhua] China may lift the limit on home purchases after a national database of property ownership and other related information is established, a top housing official said on ...
A Pacific Department Store Co Ltd outlet near the Sanlitun area of Beijing serves its last customers on Tuesday. The subsidiary of Taiwan's Far East Group has closed its department stores in the Chinese capital. [China Daily] Pacific Department Store Co Ltd, a subsidiary of ...
Commercial housing sales in Beijing fell 12 percent year-on-year in the first three quarters of the year, a sign that the red-hot property market has begun to cool down, the municipal statistics bureau said Monday The total area of commercial housing sold slumped to 6.32 million ...
[By Jiao Haiyang/China.org.cn] A spat between small business owners and bigger sellers operating on Taobao Mall, China's top online retail platform, has plastered headlines this week. Taobao Mall triggered the clash when it announced it would increase annual vendor fees from 6...
In September, some 59 cities out of the statistical pool of 70 major cities saw new home prices increase slowly from a year earlier. [File photo] More cities reported a slowdown in year-on-year increases in property prices in September as a result of government's tightening ...
Thousands of customers shopping at a newly-opened supermarket in Qingdao, in East China's Shandong province, on Oct 2, the second day of the week-long National Day Holiday. [China Daily] The country's week-long National Day Holiday running from Oct 1 to Oct 7, dubbed the "Golden ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
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 ...
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 ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...
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 ...