It's being reported the Chinese government is setting up a 30-billion-yuan fund to help eliminate industrial overcapacity and reconstruct so-called "zombie companies". The money is going to compensate the employees of the "zombie ...
Tags: Special Fund, Zombie Companies
Guangdong Province has launched regular helicopter trips between cities of Guangzhou, Shenzhen and Zhuhai. The so-called "flying taxi" service will reduce travel time between the three cities to about half an hour from over two hours on ...
Tags: Intercity Helicopter
It's been revealed Chinese property developer Vanke may be poised to try to issue new shares as part of an acquisition. In a filing to the Hong Kong's stock exchange, Vanke says it’s considering acquiring a company in a share and ...
Tags: Vanke, New Shares
Chinese start-up smartphone maker Smartisan has released its higher-end handset, the T2 smartphone, in Beijing. The T2 features a 4.95 inches screen, and the on-off switch has been replaced with a touch button. Tuesday's launch also ...
Tags: Smartisan
An evaluation report on the "Double Eleven" shopping spree has been released in Beijing, offering insights into China's largest annual online shopping event. The report shows cases of dishonesty connected to e-commerce platforms and ...
Tags: Double Eleven, Credit Report
Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Hua Xia for around 3.3 billion U.S. dollars to PICC Property and Casualty Company. The sale still has to be given the ...
Tags: Deutsche Bank, Hua Xia Stake
China refuted recent U.S. comments warning Europe against granting China market economy status on Wednesday, saying China has been living up to its World Trade Organization (WTO) obligations. Chinese Foreign Ministry spokesperson Lu Kang ...
Tags: Market Economy Status
Le Vision Pictures, an affiliate of LeTV, is planning to seize a piece of China's video market. The company says it will release 20 of its own movies, 13 Sino-US coproduction films, and 30 Internet dramas in 2016. Meanwhile, Le Vision ...
Tags: Levp, Domestic Video Market
Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China's CITIC, has won the bid for implementing two projects of the country's newly planned special economic zone (SEZ) in Kyaukphyu, western ...
Tags: Six-Company, Implementing SEZ
Economists and insiders are calling for more effective goverment supervision as a year of wild swings in China's stock market is coming to an end. China fought an unprecedented and costly war in 2015 to contain wide stock market ...
The Chinese government's leading think-tank has released a new study downplaying concerns about the level of debt being held by local governments, suggesting that more spending needs to take place to cope with social issues. On the heels ...
Tags: People's Livelihoods
Chinese researchers say H1N1 swine flu viruses, which have circulated in pig populations since 1979, have obtained the ability to infect humans and may "pose the highest pandemic threat" among flu viruses currently in the animal population. ...
Tags: H1N1, Pandemic Threat
A Chinese court granted a man who spent more than 11 years behind bars after a false murder conviction 1.27 million yuan (200,000 U.S. dollars) in state compensation on Monday. Citing insufficient evidence, the Xiangtan Intermediate ...
Tags: Acquitted, State Compensation
The former president of a key university in east China's Jiangxi Province was sentenced to life in prison on Tuesday for bribery and embezzlement of public funds. Zhou Wenbin was found guilty of accepting cash and gifts worth more than 21 ...
In the Chinese government's ongoing fight to try to clean up this country's air, a new focus is being being put on small-scale companies in an effort to get them onboard with reducing emissions. Over the past few years, the central ...
Tags: Local Enterprises, Green