A Chinese person drinks on average five cups of coffee a year. In a small town of south China’s Hainan province, this rises to 200 a year. The figure, which is comparable to the world’s average of 240 cups, has impressed international coffee dealers who are seeking to take a share of the market in China.
Asian markets were mostly higher on Tuesday following fresh records on Wall Street, while Shanghai and Hong Kong headed higher after data showed Chinese inflation surged in May. Tokyo fell 0.85 percent, or 129.20 points, to finish at 14,994.80 owing…
Foreign technology services providers such as Google (GOOG, quote) and Apple (AAPL, quote) can become cybersecurity threats to Chinese users, security analysts said, one week after China (FXI, quote) announced that it will put in place a security review on imported technology equipment.
Signs of an economic revival in China have raised hopes that Beijing’s targeted measures to bolster growth are having an impact but a slowdown in the euro zone will increase expectations of policy easing there.
The bribery investigation of GlaxoSmithKline (GSK, quote) China (FXI, quote) has been completed and the case handed over to prosecutors, Changsha police said on Wednesday.
Recent falls in the yuan exchange rate against the US dollar are based entirely on market forces, a senior official said on Tuesday after Premier Li Keqiang met with visiting US Treasury Secretary Jacob Lew.
Mobile Internet applications have made people’s lives much more convenient, but Internet companies need to build a platform to help people get access to those apps more easily, Ren Yuxin, the Chief Operating Officer from Tencent, China’s Internet giant said Monday.
China (FXI, quote) had net capital inflows throughout the first quarter, although the surplus narrowed each month during the period, according to the State Administration of Foreign Exchange.
Option Alert Service Signal New Trade Suggestion
The world’s largest retailer, Walmart Stores (WMT, quote), on Wednesday closed an outlet in east China’s Hangzhou city, in its seventh closure in the Chinese mainland since March.
