Furniture exports have extended their earlier strong performance, and even rises in the price of raw materials put some pressure on furniture companies in Jiangsu province’s Haian city, which has the largest furniture export base in eastern China. Since early this year, the price of New Zealand pine has risen 40 percent, Liu Chiyong, a […]
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Moen’s parent company to expand China presence
Fortune Brands Home & Security Inc, the parent company of Moen – the sanitary ware and smart home services provider — will expand both its online and offline presence across China to further compete with other established rivals in the coming years, said its senior executives. Many opportunities come from the country’s ongoing consumption upgrading […]
Top 10 cities by the market value of listed firms in the Chinese mainland
Beijing ranks first among all the cities in the Chinese mainland in terms of market value of all listed companies, according to a report by Securities Times. With a 27.18 trillion yuan ($4.19 trillion) market value for its 659 listed companies, China’s capital city of Beijing has taken a leading role on the list of […]
BlackRock wins approval to run wealth business in China
BlackRock has received approval to begin operating a wealth management business in mainland China, as the world’s biggest international investors push to access the country’s vast pool of savers. The joint venture, 50.1 percent owned by BlackRock and includes China Construction Bank and Singapore’s state fund Temasek, gained approval from the China Banking and Insurance […]
China’s foreign trade rises in Jan-April as global recovery picks up
China’s foreign trade expanded 28.5 percent year on year to 11.62 trillion yuan (about 1.8 trillion U.S. dollars) in the January-April period as global recovery pick up and pent-up demand unleashed. This marks an increase of 21.8 percent from the pre-epidemic level in 2019, the General Administration of Customs (GAC) said. Exports jumped 33.8 percent […]
Sustainable investment wave in China to continue, thanks to Beijing’s climate policy support, says Morningstar
A surge of Chinese investment in mutual funds with a sustainability focus driven by money flooding into the electric car sector is likely to be sustained this year, according to funds research and management firm Morningstar. Major policies announced by Beijing last year to drive decarbonisation in industry will benefit product and solution providers, said […]
China once again handled a global crisis well, says IMF official
Employees work on a mask production line at a medical supplies company in Zaozhuang, Shandong province. China responded to the COVID-19 pandemic impressively, once again handling well a major crisis, said CNBC on Tuesday, citing an International Monetary Fund official. China’s aggressive stance in containing the virus enabled it to better control new cases, with […]
China is now home to two-thirds of the world’s top women billionaires, four times more than the US, Hurun research institute reveals
China is home to the most self-made women entrepreneurs in the world, according to a new report. The country minted 24 new female billionaires to start 2021, bringing the total number to 85, said Hurun Research Institute. China’s 85 female billionaires amount to two-thirds of the 130 women billionaires in the world. While the number […]
China’s private sector plays an important role in improving people’s livelihood
The private sector will play a more important role in improving the people’s livelihood, said Xu Jiayin, Chairman of Evergrande Group. He was speaking on Saturday at a press conference on safeguarding and improving people’s livelihood during the first session of the 13th National People’s Congress in Beijing. Watch the full video here… Looking for […]