SHANGHAI/BEIJING China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.
BEIJING Chinese policymakers have been unfazed by the yuan's recent slide, but are ready to slow its descent for fear of fanning capital flight if the currency falls too quickly through the psychologically important 7-per-dollar level, policy advisers said.
BEIJING Government spending in China posted a rare drop in October, but still surged 10 percent in the first 10 months of the year as officials looked to shore up economic growth.
SHENZHEN, China Alibaba Group Holding Ltd Singles' Day festival posted a record 120.7 billion yuan ($17.73 billion) worth of sales on Friday, though the gala shopping day saw growth slow as Chinese shoppers searched for deeper discounts and lower pricetags. | Video
HONG KONG Chinese conglomerate Dalian Wanda Group Co Ltd said on Friday it will increase its investment in the southern province of Hunan by 100 billion yuan ($14.69 billion) to build a mega cultural and tourism project and 15 shopping malls.
HONG KONG China International Capital Corp (CICC) plans to acquire China Investment Securities for 16.7 billion yuan ($2.5 billion) as the country's leading investment bank seeks to bolster its retail brokerage business.
BEIJING Chinese online shopping giant Alibaba Group Holding Ltd reported a 55 percent rise in second-quarter revenue on Wednesday, beating analyst estimates on the back of core e-commerce sales and strong media and entertainment growth. | Video
BEIJING In a major reorganization of the company's entertainment assets, Alibaba Holdings Group Ltd. has announced the formation of a new digital media group along with plans for a 10 billion yuan ($1.48 billion) fund for new projects.
BEIJING China will invest 946.3 billion yuan ($140 billion) by 2020 to relocate its poorest citizens from remote, inland regions to more developed areas, the state planner said on Monday.
HONG KONG Little-known China Oceanwide Holdings Group Co pledged $3.8 billion in a deal to take control of U.S. insurer Genworth Financial Inc , the latest marker of Chinese firms accelerating a drive overseas while their domestic economy slows and the yuan weakens.
The yuan charge
The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains. Document