Shanghai saw an upswing in economic growth in the first quarter, with almost all major indicators performing strongly. The city’s gross domestic product approximated 946 billion yuan (US$145.6 billion) in the first three months, an increase of 17.6 percent from the same period last year (calculated at comparable prices), according to the city’s statistics bureau. […]
Archives for May 2021
The digital economy grows by 9.7%
China’s digital economy maintained a high growth rate of 9.7 percent in 2020 amid the coronavirus pandemic and global economic downturn, said a white paper on China’s digital economy development released on Sunday. The growth rate of the digital economy was more than three times that of the GDP, playing its pivotal role in spurring […]
Industrial giants post 137% profit surge in the first quarter
Profits of China’s major industrial firms maintained fast expansion in the first quarter this year as the Chinese economy continued its recovery and enterprises’ production and sales further restored growth, official data showed yesterday. Industrial firms with an annual business turnover of at least 20 million yuan (US$3.08 million) raked in 1.83 trillion yuan in […]
Economic Watch: China’s manufacturing activity expands at a slower pace in April
The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.1 in April, slightly down from 51.9 of March, data from the National Bureau of Statistics (NBS) showed Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The manufacturing sector maintained steady growth in April. The manufacturing PMI continued […]
9 Chinese companies named among Time’s 100 most influential
Visitors check out a drone during a high-tech exhibition held by Shenzhen-based drone maker DJI in Los Angeles in September 2020. Nine Chinese companies, including Alibaba, Tencent and Huawei, on the list of Time 100 Most Influential Companies according to the magazine’s website. This was the first edition of the list, highlighting businesses making an […]
The Importance of A-Level Talent
Attracting and retaining top performing executives is the true lifeblood of successful organizations, yet identifying and attracting them can be a challenging endeavor. Top performers, in leadership roles, will deliver about 50% more than the average and will improve their organization’s competitive position. Yet, according to McKinsey, 82% of Fortune 500 executives don’t believe that […]
Honeywell eyes sustainable future in the Chinese market
China’s carbon neutrality pledge is a major milestone in the global fight against climate change and will provide more growth opportunities for multinational companies like Honeywell, a top company official said. Steven Lien, president of Honeywell China, said the company is well-positioned for a more sustainable future in China and together with its partners will […]
Citi to hire 2,300 employees in Singapore and Hong Kong, including relationship managers and private bankers
This is to support Citi’s wealth management business, as the APAC wealth market “stands out in its scale and growth potential” for the bank. Citi will recruit 2,300 professionals (including 1,100 relationship managers and private bankers) for its wealth hubs, Singapore and Hong Kong. The bank’s Win in Wealth campaign is to add more than […]
Most Asia employees now prefer hybrid working, with 2-3 days of working from home every week
Data from SEEK Asia’s new report, Decoding Global Ways of Working, finds that only 7% of Asia’s workforce now want to commit to a completely on-site work arrangement. A majority of them have expressed a desire for flexibility in where their work gets done. Findings: As such, most respondents from Asia prefer a hybrid work arrangement […]