The revenue of some leading Chinese real estate companies will hit 500 billion yuan ($72.5 billion) this year - and the industry will be further consolidated as competition intensifies, a research report said on Thursday.
Guangdong Wonderful Ceramics Co, a leading ceramic tiles producer in China, has become the first Chinese company in this sector to invest abroad, with a $172 million project under way in Tennessee in the United States.
HONG KONG - State-owned China Unicom Hong Kong Ltd reported a drop in revenue and profit for 2016 due to a huge investment in 4G and broadband network infrastructure, amid fierce competition among domestic telecom heavyweights.
Shanghai-listed China First Heavy Industries announced that its sales reached 990 million yuan ($143.66 million) in the first two months of this year, which may help the company avoid the risk of delisting.
Asia is expected to issue a total of $60 billion worth of green bonds in 2017 and China, as one of the major issuers, will serve as a main driving force for the region's future growth, according to a report from Bloomberg Green Bond Database.
The US Fed rate hike would have a mild and positive effect on China's capital markets, as investors' positive sentiments grow and they have more confidence in yuan-denominated assets, analysts said on Thursday.
Russia's central bank opened its first overseas office in Beijing on Thursday to strengthen financial cooperation between the two countries.
Chinese bike-hire startup ofo Inc is testing deposit waivers for qualified riders in Shanghai, a move observers said would further intensify the already heated competition in the sector.
Oishi, the snack-food giant from the Philippines, has come to value China as a center of new technology to spur further growth in its business, as the market has become an ever more sophisticated and international one.
Multinational companies are being urged to observe local laws and fully respect consumers' rights, after Nike Inc and two Japanese firms were criticized by a program on China Central Television on Wednesday.
Pension fund investments will have a relatively low exposure to the stock market to ensure the safety of the funds, the chairman of the National Council for Social Security Fund, Lou Jiwei, said on Wednesday.
China's first nuclear unit constructed after the 2011 Fukushima accident in Japan was put into operation on Wednesday, after 168 hours of test operation, according to China General Nuclear Power Corp, the country's largest nuclear operator.
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