Profits see fastest rise since 2013 amid restructuring, though challenges remain
Trading in credit default swaps is unlikely to trigger a substantial correction in China's property market, economists said on Tuesday, saying that concerns that speculators would use credit default to short the market were unfounded.
Yum Brands Inc--the sprawling fast-food empire that owns KFC and Pizza Hut--said its board had approved the spinoff of Yum China.
Luneng Group, a unit of State Grid Corp, the electricity transmission and distribution utility, said it will build amusement parks jointly with BBC Worldwide in China.
Layoffs part of parent company's efforts to improve fortunes at its smartphone unit
The International Monetary Fund has issued new analysis, suggesting China's short-term economic prospects have improved.
A growing number of State-owned enterprises (SOEs) are marching into China's skyrocketing real estate market, due to their privileged credit policy and the country's sluggish economic growth, experts noted on Tuesday.
Huawei Technologies Co Ltd will focus on using artificial intelligence to boost its core networking gear business while stepping up efforts to recruit AI talents from the United States.
China opposes any country using domestic laws to carry out "long arm jurisdiction" against Chinese entities or individuals, a Foreign Ministry spokesperson said Tuesday.
China saw its foreign service trade deficit expand in August, according to the State Administration of Foreign Exchange (SAFE) data Tuesday.