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PwC unit fined in Evergrande accounting fraud

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The New York offices of PricewaterhouseCoopers. [Photo/Sipa] Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC’s auditing unit in the country, after the entity was found to have “covered up and even condoned” fraud at Evergrande Real Estate Group. The China Securities Regulatory Commission said…

Golden opportunity to revel in Dior’s creativity

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From classic treasures to contemporary creations and the iconic silhouettes of Dior outfits to the magnificent transformation of the Dior J’adore perfume series, the French luxury brand opened its L’OR DE DIOR exhibition in Beijing on Sept 2, offering audiences a visual feast and an immersive experience of fashion, history, perfume, art and culture. Themed…

Glimpse of advanced exhibits at 2024 CIFTIS in Beijing

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Glimpse of advanced exhibits at 2024 CIFTIS in Beijing – Chinadaily.com.cn Home Business Photo gallery Top Copyright 1995 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not…

China World Trade Center to upgrade district

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The 40th anniversary of the China World Trade Center celebration ceremony takes place in Beijing on Sept 12, 2024. [Photo provided to chinadaily.com.cn] The China World Trade Center will take further moves, including driving the upgrading of the business district and developing new types of businesses, in a bid to better tap into customer needs…

Clarins bullish about China market

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French skincare and cosmetics company Clarins is upbeat about the Chinese market, buoyed by its huge potential and increased healthcare awareness among consumers, a top company executive said. Olivier Courtin-Clarins, managing director of Clarins, said that compared to his previous visit to China in 2020, he has “observed significant advancements in the quality of Clarins’…

2024 CIFTIS kicks off in Beijing

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Share – WeChat The 2024 China International Fair for Trade in Services (CIFTIS) kicks off in Beijing on Thursday. [Photo by Yan Xingzhou/chinadaily.com.cn] 1 2 3 4 5 6 7 Next   >>| Tanks to chinadaily.com.cn Please visit: Our Sponsor

State Grid Turpan Electric Power Supply to invest $18m on infrastructure upgrade

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State Grid Turpan Electric Power Supply Company said on Wednesday it may invest around 125 million yuan ($17.6 million) to upgrade energy infrastructure this year to address challenges from the grid’s increasing integration of power generated from intermittent renewable sources. The investment will be used to construct 65.8 kilometers of new 220-kilovolt transmission lines for…

Ikea China investing $38m to expand offerings

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Consumers browse products at an Ikea store in Beijing in August. [SONG YU/FOR CHINA DAILY] Ikea, the Swedish home furnishing and furniture retailer, said it plans to invest 273 million yuan ($38.3 million) in China in the fiscal year to August 2025, and exploits post-COVID-19 consumption trends like more rational buying and a growing preference…

CGN to build Namibia’s largest desalination plant

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Construction of Namibia’s largest desalination plant, led by China General Nuclear Power Group (CGN), will play a key role in addressing the country’s water scarcity, experts have said. CGN, China’s largest nuclear power operator in terms of installed capacity, will work on the Namibian undertaking in cooperation with a local water corporation, the company said…

Cedrus Group chairman highlights investment merits of Chinese market

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“When you have a country whose economy is dynamic and efficient, things can get done yesterday. As an investor, I want to see this competition,” said Rani Jarkas, chairman of Cedrus Group, underscoring the strong appeal of China’s economic landscape for global investors. Tanks to chinadaily.com.cn Please visit: Our Sponsor