HSBC Group is expected in the next few months to sell its 8.0% stake in the Bank of Shanghai. The financial services giant could receive as much as $800 million from its shares in the second-tier Chinese lender.
22 Apr 2013, business.mega.mu
Zhangye Danxia Landform is concentrated predominantly in Linze and Sunan counties in Gansu Province. It is both the largest and the most typical of China's arid area danxia landforms. Because of aridity, the Zhangye Danxia Landform differs from that of south China. It is very dry and desolate, without any vegetation, so geologists call this "window lattice and palace-shaped Danxia topography”.
18 Apr 2013, business.mega.mu
On Tuesday, Fitch Ratings downgraded China’s long-term local currency debt one notch, from AA- to A+. The primary reason for the move was the country’s too-rapid expansion of credit, one of the “underlying structural weaknesses” the agency cited in its announcement.
15 Apr 2013, business.mega.mu
The national carrier strengthens its presence in Africa and Asia. From July, it will operate a weekly non-stop flight to Beijing and two flights to Durban. Night flights to Johannesburg will be deleted.
10 Apr 2013, business.mega.mu
China’s Four Great Inventions--papermaking, the compass, gunpowder, and printing--were innovations from bygone eras. When looking at China’s history over the past 50 years, it’s very difficult to find a single innovation that has made a significant impact on the world.
11 Mar 2013, business.mega.mu
Alibaba has been doing a dance of sorts as to the question of whether or not it’s going to IPO this year, next or in 2015. The official answer from the company, when asked, is that it’s not in the cards.
07 Mar 2013, business.mega.mu
Already the No. 1 market in a host of industries, including automobiles, home appliances and mobile phones, China is a leading profitable growth engine for multinational companies (MNCs). But it’s as challenging to global companies as it is important.
21 Feb 2013, business.mega.mu
Robin Lee emerged from near poverty to start Baidu, which is often called “the Google of China.” Now 43, he is worth more than $10 billion and considered the country’s wealthiest man.
30 Jan 2013, business.mega.mu
This is a unique geological phenomenon known as Danxia landform. These phenomena can be observed in several places in China.
29 Jan 2013, business.mega.mu
On Friday, Beijing’s National Bureau of Statistics announced that China’s “working age” population—the 15 to 59 segment—totaled 937.27 million last year. That number, as large as it is, represents a decline of 3.45 million from 2011. Moreover, the workforce in 2012 comprised 69.2% of the population, 0.6% less than in 2011.
22 Jan 2013, business.mega.mu
On Thursday, Beijing’s General Administration of Customs reported that exports in December soared 14.1%. Imports for the month increased 6.0%.
15 Jan 2013, business.mega.mu
On Friday, the Nikkei surged to its highest mark since the March 2011 earthquake. The 0.7% jump came on the news that Japan’s industrial output in November dropped 1.7% from the month before, a fall far exceeding analyst forecasts. The consensus was that there would be only a 0.5% decline.
01 Jan 2013, business.mega.mu
Indian and Chinese companies signed Monday, November 26 in Delhi, commercial agreements on multi-billion dollar, thereby enhancing commercial ties despite political tensions.
27 Nov 2012, business.mega.mu
Hotel employees, businessmen, importers ... They are more likely to want to speak Chinese. I must say that mastering this language is a strong asset for their career, especially with the rise of China on the world stage.
25 Nov 2012, business.mega.mu
In his keynote speech at the opening of the 18th National Congress of China’s Communist Party, Hu Jintao, the outgoing President of China, set a new target for economic growth, saying that China should double its 2010 GDP and per capita income by 2020.
21 Nov 2012, business.mega.mu
Both India and China are in the middle of their worst economic slowdowns in many years. If IMF projections for 2012 prove accurate, China’s GDP will advance at the slowest pace since 1999, and India’s at the slowest pace since 2002.
19 Nov 2012, business.mega.mu
Air Mauritius, the national airline, will launch two weekly flights to Shanghai, the great Chinese megalopolis. Launched on 4 July 2011, via Kuala Lumpur, this route operated by Air Mauritius has brought positive results, the number of Chinese tourists visiting Mauritius rose by 38.3% from January to September this year.
15 Nov 2012, business.mega.mu
Japan is the best food destination for travelers while Africa has the worst reputation for food, according to results from a Travelzoo survey. The survey also found that Japan was picked as the friendliest for travelers (16.9 percent) while China was the least friendly.
24 Oct 2012, business.mega.mu
After the excesses and violence that marked the anti-Japanese demonstrations in the wake of the decision to Tokyo to "nationalize" the Senkaku (Diaoyu in Chinese), the time is now'' 'patriotism rational ".
24 Sep 2012, business.mega.mu
The Mauritius Police on Friday 45 vehicles received as a gift from the Chinese government, officials said.
02 Sep 2012, motors.mega.mu