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Facts & Figures In China
China, The World's Largest Producer Of Cashmere
China is the world's largest producer of cashmere, churning out 75-80 percent of the global supply -- worth an estimated five to six billion yuan ($770 million to $920 million) per year.
Latest News In China
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A court in southeastern China's Fujian province has ordered the country's biggest gold miner, Zijin Mining Group, to pay a criminal fine of $4.6 million for toxic mine spills that highlight the challenges of policing heavy polluters with close ties to local authorities, wrote Wednesday's AP.
Finance ministers from China, Japan and South Korea said in a joint statement Wednesday they have agreed to start studying the use of their own currencies in trade settlement, the latest sign of Asian efforts to reduce dependence on the U.S. dollar, reported Wednesday's Wall Street Journal.
China's red-hot Internet sector is due for a correction, with valuations reaching frothy levels, and some players will be eliminated, industry executives and venture capitalists say, reported Thursday's Reuters.
Yum Brands Inc. has made a preliminary offer to buy the remaining stake of Chinese restaurant chain Little Sheep Group Ltd. that it does not already own as part of its ongoing international expansion, reported Wednesday's WSJ.
China may extend property curbs to the country's third and fourth-tier cities after investors and developers flocked inland following a harsh clamp-down on property prices in major cities, the Shanghai Securities News reported on Wednesday.
China's monthly inflation may peak this year at 5.5%-5.6% in May and June, the state-run Shanghai Securities News reported Thursday, citing an unnamed researcher at the Ministry of Finance.
Listed Chinese financial institutions that want to raise more money from the capital markets need to disclose their capital allocation plans to help guide investor expectations, the China Securities Journal reported on Thursday, citing unidentified sources.
Taiwan's AU Optronics Corp said it plans to invest $800 million in a Chinese LCD company in what is set to be the first investment by a Taiwanese LCD firm in mainland China, reported Thursday's Reuters.
The State Grid Corp of China plans to boost investments in the country's power grids to 2.55 trillion yuan ($390.63 billion) in the coming five-year plan, up 68 percent from the preceding period, the China Securities Journal reported on Tuesday.