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In China, free fish heads for life for an underwater rescuer
A Chinese man is awarded free cooked fish heads for life after he performs a dramatic underwater rescue

Source: BBC News - China | 22 Nov 2017 | 10:06 am

Skype removed from China Apple and Android app stores
Apple says it removed the call and messaging app because it does not comply with local laws.

Source: BBC News - China | 22 Nov 2017 | 2:35 am

Two Boeing 747 jumbo jets sold in China Taobao auction
The jumbo jets ended up on an e-shopping website after a court failed to sell them offline.

Source: BBC News - China | 21 Nov 2017 | 10:53 pm

Victoria's Secret in China: Lingerie and controversy
Victoria's Secret held its annual show in Shanghai on Monday - it's first fashion event in China.

Source: BBC News - China | 21 Nov 2017 | 7:35 pm

'Want a cup of coffee? That'll be $60'
One cafe is charging customers over $60 for a cup of rare coffee. But who pays that just for coffee?

Source: BBC News - China | 21 Nov 2017 | 7:30 pm

Alibaba Pictures first half revenue soar on back of online promotion and distribution business
Alibaba Pictures Group, the entertainment subsidiary of e-commerce titan Alibaba Group Holding, recorded a 313 per cent year on year jump in revenue for the six months ended June 30 amid aggressive moves to build its infrastructure for the mainland Chinese film industry. “Having laid the foundation for its core business segments over the last two years, the group is expected to advance to a new phase of development,” said Alibaba Pictures chairman Yu Yongfu in a regulatory filing...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 2:00 pm

Mengniu Dairy’s profits first-half rise 4.7 per cent
China Mengniu Dairy, the country’s second largest dairy, announced that its profits for the first half of the year increased by 4.7 per cent from the same period last year, in line with analysts’ expectations. Mengniu reported profits of 1.13 billion yuan for the six months to the end of June, up from 1.08 billion in the first half of 2016. The profit came primarily from Mengniu’s core activities, liquid milk and ice cream products, which helped compensate for a loss at its...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 11:31 am

NetDragon returns to profit on higher online games revenue
NetDragon Websoft, the mainland Chinese online gaming giant, returned to profit in the first half of this year on the back of the Hong Kong-listed company’s record high revenue posted in the quarter ended June 30. “Our games business brought robust growth as we executed our strategy to leverage our successful intellectual property,” said Liu Dejian, the founder and chairman of NetDragon, in a statement on Wednesday. NetDragon is the latest mainland internet company to record...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 9:01 am

SAIC Motor’s near 6pc interim profit rise falls short of expectations
SAIC Motor, China’s largest automaker by sales volume, has posted a lower than expected increase in its first-half profit amid a slowing Chinese vehicle market. Net profit for the six months to June rose nearly six per cent to 15.96 billion yuan (US$2.4 billion), on the back of a 12.9 per cent jump in revenue to 396.4 billion yuan. The interim earnings, or 1.38 yuan per share, slightly fell short of an average forecast of 1.46 yuan a share by four analysts. Underlying profit in the...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 7:16 am

Agricultural Bank sees interim profit grow 3.3pc, as it curbs bad debt
Agricultural Bank of China, the mainland’s third-largest lender by assets, has beaten analyst estimates after posting a 3.3 per cent growth in profit for the first half year, and successfully putting a curb on its level of bad loans. The Beijing-based bank’s net profit for the period ended on June 30 was 108.6 billion yuan (US$16.5 billion), compared with 105.1 billion yuan last time. Forecasts had suggested a 2 per cent year on year profit rise. The bank said in its regulatory...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 6:41 am

Jokowi faces tough task of managing voters' expectations
October 02, 2014 1:39 AM

[JAKARTA] Incoming Indonesian president Joko Widodo is trying to manage the expectations of his supporters and investors as an opposition-dominated Parliament likely to obstruct his ambitious reform programme convened on Wednesday.




Source: RSS Print - Indonesia | 1 Oct 2014 | 9:39 pm

Indonesian coal exporters chafe at new regulations
October 02, 2014 1:34 AM

[JAKARTA] Indonesia's coal exports are expected to fall 15-20 per cent in October from September and could decline 5 per cent this year as firms scramble to obtain government export permits to comply with new rules that were due to come into effect on Wednesday.




Source: RSS Print - Indonesia | 1 Oct 2014 | 9:34 pm

Unrest in Hong Kong has economic roots
October 02, 2014 1:34 AM

[HONG KONG] Hong Kong's struggle for democratic rights promised by China has erupted into the streets in recent days. But although this is a political battle, part of the reason Hong Kong is fighting so hard for its freedom is that it has already seen what being subsumed by the mainland means economically. And it's had enough of that.




Source: RSS Print - China | 1 Oct 2014 | 9:34 pm

Some banks start moving staff to back-up premises on HK's outskirts
October 02, 2014 1:32 AM

[HONG KONG] Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said.




Source: RSS Print - China | 1 Oct 2014 | 9:32 pm

Yudhoyono bid to save direct local elections
October 01, 2014 2:17 AM

[JAKARTA] Indonesia's outgoing president returned home early on Tuesday, cutting short an overseas farewell tour to try and overturn legislation ending direct elections for local leaders.




Source: RSS Print - Indonesia | 30 Sep 2014 | 10:17 pm

Indonesian trade group seeks floor price for rubber
October 01, 2014 1:17 AM

[JAKARTA] Indonesia's main rubber grouping is seeking to put a floor under prices at US$1.50/kg as the world's No 2 producer looks to support global prices that have plunged more than 30 per cent so far this year.




Source: RSS Print - Indonesia | 30 Sep 2014 | 9:17 pm

China's final HSBC PMI steady in September
October 01, 2014 1:15 AM

[BEIJING] China's vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.




Source: RSS Print - China | 30 Sep 2014 | 9:15 pm

Rule changes to boost interest in Shanghai FTZ
September 30, 2014 2:14 AM

[BEIJING] China has introduced a fresh round of regulatory changes in the Shanghai Free Trade Zone in a bid to jump-start interest in the district, which has been struggling to attract more overseas companies, a government website said on Sunday.




Source: RSS Print - China | 29 Sep 2014 | 10:14 pm

Parliament approves budget despite Joko's protests
September 30, 2014 1:13 AM

[JAKARTA] Indonesia's Parliament on Monday approved a state budget that President-elect Joko Widodo does not like but cannot change until early next year to fund his programmes.




Source: RSS Print - Indonesia | 29 Sep 2014 | 9:13 pm

Alibaba unit gets nod to start private bank
September 30, 2014 1:10 AM

[BEIJING] Alibaba Group's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.




Source: RSS Print - China | 29 Sep 2014 | 9:10 pm

China eases tax compliance burden: report
Reform and technology have helped ease China's tax compliance burden, reducing the delay in paying taxes by 20 percent in 2016, a report has shown.

Source: China Daily > Bizchina News |

CGN vows support for UK project
China General Nuclear Power Corporation has confirmed its investment in the United Kingdom's nuclear industry as Britain's regulator began the second stage of the process to assess China's third-generation nuclear power technology.

Source: China Daily > Bizchina News |

2018 CIFTIS to focus on B&R service trade
A vital platform for business cooperation and communication, the fifth China Beijing International Fair for Trade in Services is set to be held in May next year, further boosting international trade among countries and regions involved in the Belt and Road Initiative, said local officials at a recent warm-up event in the capital.

Source: China Daily > Bizchina News |

Huawei launches Mate 10 series in Kenya
Mate 10 series incorporates the world's first artificial intelligence processor on a mobile device

Source: China Daily > Bizchina News |

Global economy needs more Chinese entrepreneurs
China is expected to step up its efforts in upcoming years to inject positive energy into global economic integration following the 19th National Congress of the CPC last month, said analysts at an economic forum on Tuesday in Beijing.

Source: China Daily > Bizchina News |