Some people think that China is not only a country, but also a big factory. Especially in textile production, China has the image of being a land of extremely large companies with tens of thousands of employees in every factory. For the ...
Tags: Textile
For centuries, trading with raw material has been an integral part of economic life. Stock exchanges started everywhere and eventually developed into the stock exchanges that exist today, dealing with shares, too. The first stock exchange ...
Tags: Raw Material, Textile
al Chinese financial search platform Rong360.com received USD 30 million in its second round of financing recently. Ye Daqing, CEO of it, said in an interview on August 2 that it had completed its second round of financing and the ...
China's Cabinet is throwing more support behind small and micro-sized businesses by emphasizing more financing innovation and credit for the cash-thirsty private sector. 8 detailed targets have been released by the State Council, ...
Tags: China Reiterates
IBM has signed an agreement to acquire security company Trusteer, and plans to set up a cybersecurity software lab in Israel. The financial terms of the proposed acquisition were not disclosed. With offices in Boston and Tel Aviv, ...
A credit crisis in Shenmu, a bustling northwest China county that built its riches on coal, has stoked concerns regarding how quickly the country can complete its economic transition. Hundreds of underground banks that mushroomed in ...
Tags: Economic Transition
The National Development and Reform Commission is pestering and probing 60 foreign drug makers regarding the prices at which they sell their wares in China. Scrutiny of the foreign drug sector in China made headlines in June when ...
Tags: Harsh Medicine, Pharma Firms
Insurance Services Office (ISO), a provider of actuarial and underwriting information, has enhanced its cyber liability insurance (e-commerce) product to introduce new insurance policies for firms with a media liability exposure. The new ...
Tags: Cyber Liability Insurance, ISO
As coal prices remain lackluster due to sluggish demand, Shanxi took measures to stabilize the local coal market and ease the mounting pressure that coal producers in the province have been feeling since January. The Shanxi provincial ...
Tags: Local Coal Market, sluggish demand
After eluding police for 10 days last year, a dragnet in central China’s Henan province finally closed in on Li Mingzhong, the head of a BOC Fullerton Community Bank branch who had absconded with more than US$16 million in rural ...
Tags: Village Banks, Privatization
China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china
Chinese banks bought less foreign exchanges than they sold in its bank-to-client forex transactions in June, registering a deficit of $400 million, latest data showed Monday. It is the first such deficit since September, according to the ...
Wall Street played its own version of war games on Thursday, testing its defences against simulated cyber-attacks bent on taking down US stock exchanges. A total of 500 people took part in the exercise, called Quantum Dawn 2, in offices ...
Tags: Wall Street, Computer Products
Eastern African countries including, Kenya and Tanzania, are focusing on cotton sector for the economic revival of the region and they have introduced several policies and incentives to improve cotton production in the region. Speaking to ...
Tags: Cotton, Economic Revival
The Australian dollar gained after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them. At 6.30am AEST the local unit was trading at 91.83 US cents, up from 91.71 cents ...