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Slower pace for services

CHINA’S non-manufacturing industries slowed their pace in October due to shrinking investment in real estate and railways, although consumer spending increased, an official survey revealed. The non-manufacturing Purchasing Managers’ Index…

China set to be No. 1 in shared services

CHINA will eclipse India to become the world’s biggest destination of shared services centers in a few years as it possesses competitive advantages, senior industry executives said at an annual…

Wal-Mart in dispute in China over alleged unpaid rent

U.S. retail giant Wal-Mart has entered the media spotlight again in China — this time over a store rent dispute. The Wanguo Shopping Plaza Co. in the northeastern coastal city…

Despite inflation, Chinese consumers remain confident

Chinese consumers are more confident about their financial prospects than last year despite seeing rising inflation in China, according to the annual Chinese Consumer Study by McKinsey & Co released…

Can consumers expect high of value-added tax?

Who will benefit the most from China’s newly passed value-added tax reform? Consumers, it is really hard to say that. The State Council last week approved a pilot program to…

Emerging and service industries set for boost

The emerging and service industries are expected to be the main beneficiaries of economic cooperation agreements between the Chinese mainland, Hong Kong and Taiwan, officials said on Friday. The Closer…

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