< img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=0wrPn1QolK10Cs" style="display:none" height="1" width="1" alt="" />

Monthly Archives: February 2015

The 20 Fastest-Growing Economies This Year

Emerging markets in Asia and Africa still reign supreme: They’re at the top of global growth projections over the next two years. The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year after expanding 3.3 percent in each of the past two years, according to...
Read more

China to nurture world-class timepiece brands

China aims to nurture five globally famed horologe brands through innovation in the next six years, it was announced Wednesday. China will further boost sales of highend clocks and watches from one percent of total sales to three percent by 2020, according to the ministries of industry and information technology,...
Read more

Uber Plans China Hiring Spree to Expand as Rivals Мерге

Uber Technologies Inc., provider of a mobile application that lets people book cars using smartphones, plans to hire hundreds of people in China this year to boost growth and help establish itself in the market. The ride-hailing app operator is using channels such as LinkedIn Corp.’s website to hire local...
Read more

Bulgaria will attract more Chinese tourists

Ministry of Tourism works to attract more Chinese tourists in Bulgaria, said in Ruse Minister of Tourism Nikolina Angelkova. She pointed out that last year Chinese tourists who have visited Bulgaria are only 16 thousands people. “Against the background of 1.3 billion. Chinese and 85 million of them traveling outside...
Read more

Chinese overseas property investment to total $20 billion in 2015

Chinese investors are likely to buy $20 billion worth of properties overseas in 2015, up 21% year-on-year, forecasts Jones Lang LaSalle. Chinese overseas investment in real estate was nearly $16.5 billion in 2014, a 46% increase compared to the previous year. Apart from the domestic real estate buyers, property developers...
Read more

China to Become Biggest Retail Market: PwC & EIU

China will surpass the US as the world’s largest retail market within the next three years, a joint study elaborated by PricewaterhouseCoopers and the Economist Intelligence Unit (EIU) said Thursday. According to the paper, growth of the Chinese retail sector will reach 8.6%, 8.0% and 7.9% during the next three...
Read more

Chinese go on spending spree and double investment in Europe

Investors from China went on a record spending spree in Europe in 2014, pouring money into sectors from the UK property market to the Italian energy industry. Chinese foreign direct investment into Europe hit $18bn last year, almost double the 2013 level, according to Rhodium, a China-focused research group. Chinese...
Read more

China’s Two Largest Taxi Apps Мерге

China’s two largest taxi-hailing applications, backed separately by Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have announced a merger that will help them cope with rising competition. Hangzhou Kuaidi Technology Co., known as Kuaidi Dache, completed an alliance with Didi Dache, according to a joint statement e-mailed on Saturday,...
Read more

China foreign direct investment surges in January

China attracted $13.92 billion of foreign direct investment in January, up 29.4% from a year earlier, the Ministry of Commerce said on Monday. The figure was above December’s $13.32 billion, which was 10.3% higher than a year earlier. Chinese investments overseas reached $10.17 billion in the first month of the...
Read more