Economic review

Recession hurts Brazil's cosmetics industry

2017-05-27 14:33:00

Brazil's cosmetics industry was once one of the fastest growing sectors in the world. However, it’s getting a bit of a black eye these days. Full Story

Guizhou to become China's 'Big Data Valley'

2017-05-27 14:20:00

The China International Big Data Industry Expo 2017 has kicked off in Guiyang, capital of Guizhou province in Southwest China, and sparked conversation among many. Full Story

2016: IT enterprises top the list in China for annual salaries

2017-05-27 13:28:00

IT enterprises boasted the highest annual salaries in China, about 122,478 yuan (17,865 US dollars) on average in 2016, the National Bureau of Statistics (NBS) said in a statement on Saturday. Full Story

China plans change to major shareholder stock-selling rules

2017-05-27 13:12:00

China's securities regulator said that it will make changes to the rules governing the selling of stock by major shareholders and management, in an effort to better protect the rights of small investors and guarantee stable market operation. Full Story

Shared umbrellas vanish soon after debut in Shanghai, but more to come

2017-05-27 12:21:00

As the shared economy booms in China, shared umbrellas began to appear in Shanghai earlier this week, but they disappeared quickly, Shanghai Morning Post reported on Saturday. Full Story

Amazon Books starts new chapter with its first NYC store opening

2017-05-27 11:25:00

After selling books online for nearly 22 years, Amazon has begun to open brick-and-mortar stores across the U.S. Its first Manhattan bookstore officially opened for business in the Time Warner Center at Columbus Circle earlier on Thursday. Full Story

FinTech4Good to launch new acceleration program in 8 cities

2017-05-27 11:10:00

FinTech4Good, a global FinTech and Blockchain acceleration network, formally announced the launch of the new Global Acceleration Program for startups across eight major cities: Washington DC, Chicago, London, Nairobi, Shanghai, Astana, Singapore, and Tel Full Story

Chinese regulator greenlights seven IPOs

2017-05-27 11:09:00

The China Securities Regulatory Commission (CSRC) has newly approved IPO applications of seven companies, fewer than the 10 applications approved last week. Full Story

China publishes guidelines to develop inclusive finance in banks

2017-05-27 11:09:00

China's banking regulator has released guidelines to prompt large and medium-sized banks to set up inclusive finance divisions, a move to increase loans for money-starved small firms, agriculture and poverty relief. Full Story

Sino-Kenya ties to spur economic growth: Chinese official

2017-05-27 11:07:00

Growing Sino-Kenya ties are going to boost Kenya's economic growth, a Chinese embassy official said on Friday. Full Story