New Asian bank to lend up to $15b a year

2015-12-04 08:24

The Asian Infrastructure Investment Bank, the new international development bank initiated by China, plans to lend $10 billion to $15 billion a year for the first five or six years, a senior official said on Dec 1.

Quotable

2015-11-27 07:59

High import taxes within the mainland are a big incentive for shopping abroad - the same luxury handbag can often cost a third more in Beijing than it does in Paris."

IN BRIEF (Page 19)

2015-11-27 07:59

Pharmaceutical tycoon's college challenge

2015-11-27 07:59

Six month ago Tiens Group of China grabbed global attention as it paid for 6,400 of its employees to go on a four-day holiday to France, in what is believed to be the biggest single tour group to visit the country.

Students get help to jump through hoops

2015-11-27 07:59

Consulting services for Chinese students trying to negotiate the regulatory hurdles that stand between them and finding work or intern experience in Britain have become a lucrative business.

Forum founder confident about yuan

2015-11-27 07:59

China's financial market reform is on track to push the renminbi toward reserve currency status with the International Monetary Fund, but more work is needed to open up China's debt market for foreign bond issuers, says David Marsh, managing director and co-founder of the Official Monetary and Financial Institutions Forum.

Travelers 'are like country's diplomats'

2015-11-27 07:59

The number of Chinese going overseas on holiday has grown rapidly over the past 10 years, and the outbound tourism industry can play an important role in China's globalization, experts say.

Report: Cut the meat to cut greenhouse emissions

2015-11-27 07:59

A new research report suggests eating less meat could help cut global greenhouse gas emissions - and says people in China are more likely to heed the alert because they trust official reports.

Mandarin makeover for Henry V

2015-11-27 07:59

Henry V, one of William Shakespeare's best-known historical plays, is being translated into Mandarin for a stage production scheduled to open late next year.

Quotable

2015-11-20 08:08

If you can't be among the top three giants it is very hard to develop your business in the chip industry. The next five years are key. There is an enormous market out there."

IN BRIEF (Page 14)

2015-11-20 08:08

Mars goes far on a sweet mission

2015-11-20 08:10

It is one of the largest food companies in the world with about $33 billion in sales, but one that has always managed to stay under the radar. Despite the low profile, most of Mars, Inc's brands are household names, be it the Mars or M&M's chocolate, Wrigley's gum or its range of petcare products.

Beidou's clients tap into benefits

2015-11-20 08:10

China's commercial eye in the sky is ready to produce solid down-to-earth profits for its customers.

Villepin calls for new look at Africa

2015-11-20 08:10

France is keen to support the globalization strategies of Chinese companies in Africa with its well-established financial services and commercial networks, former French prime minister Dominique de Villepin told China Daily on Nov 17.

Move on innovation funding lauded

2015-11-20 08:10

A European Commission official has hailed a change in Chinese government thinking that will give the country's scientists who work with the European Union access to joint research funds.

Louis Vuitton closes store in Guangzhou

2015-11-20 08:10

Louis Vuitton has pulled the plug on one of its two flagship stores in Guangzhou, Guangdong province, as the French fashion house continues to grapple with slow sales in China.

Quotable

2015-11-13 08:13

Efficient logistics will become increasingly complicated and important, and we view this as a great opportunity, as our strength lies in providing just this kind of premium service."

IN BRIEF (Page 14)

2015-11-13 08:13

New infrastructure bank to take a hard line on corruption

2015-11-13 08:14

The Asian Infrastructure Investment Bank will set up an ethics integrity department and encourage whistleblowers to ensure there is no corruption, according to Jin Liqun, its president-designate.

Two banks put their heads together

2015-11-13 08:14

As China waits for acceptance into the European Bank for Reconstruction and Development, Jin Liqun, president-designate of the Asian Infrastructure Investment Bank, and other European finance leaders have agreed that the two banks will work together to improve economic collaboration.