China cuts bank reserve ratio to stimulate economy
Tweet China has taken a raft of measures aimed at staving off an imminent economic crisis, the latest being a cut in the bank reserve requirement ratio. However, economists voiced…
Electricity data suggests brakes have been put on China
Tweet A series of economic indicators published in the last few weeks points to a rapid slowdown in the Chinese economy. The latest electricity production statistics for example show growth…
Chinese real estate investment collapses by 70%
Tweet Signs that China’s real estate market could further be cooling are now clearer than ever after a report released yesterday showed real estate investment in the country’s mainland shrunk…
China now the world’s largest smartphone market, US comes second
Tweet Some few months ago, mobile phone industry analysts had little or no doubt that it was just a matter of time before China takes the number one spot as…
Chinese annual auto sales decline
Tweet Although vehicle sales in China rose in April, slower economic growth and tighter credit has seen them decline for year. On Wednesday, the China Association of Automobile Manufacturers said…
Chinese textile producers aim to double output by 2020
Tweet A 10-year development plan released by China’s textile industrial association Tuesday shows the country’s textile producers are aiming to double their output by 2020 from the 2010 level. According…
China accuses Japan and EU of steel dumping
Tweet Japan and European Union (EU) have been accused of dumping seamless tubes into China by the country’s Ministry of Commerce (MOC) A preliminary report released on the ministry’s website…
Tablets force Lenovo to adopt a ‘PC plus’ strategy
Tweet Lenovo has announced a slight shift in its strategy of focusing on PCs, and will be investing in the production of mobile internet devices too. The new strategy, dubbed…
China’s convenience stores to sell insurance
Tweet China’s grocery sector is following the path set years earlier in Europe by selling financial services at the supermarket checkout. Shoppers in Shanghai branches of Alldays and Kedi convenience…
Hero looks to be saviour of Chinese infant formula market
Tweet Hero Group, a Swiss food company, has announced its entry into the Chinese infant formula market. Hero will introduce its Hero Nutradefense brand of dairy products into China in…
