Economy

China was home to the second largest number of unicorns -- 301, according to Hurun Unicorn Index 2021 which was released on Monday. US ranked the first with 487 unicorns…

Huge penalty for tax evasion to act as a warning to other offenders China's top livestreamer Huang Wei, nicknamed Viya, was fined 1.34 billion yuan ($210 million) for dodging taxes…

China will release rare earths mining rights through an orderly process, an official from the Ministry of Industry and Information Technology (MIIT) said at an industry forum on Monday, Shanghai…

Climbing penetration rate, maturing homegrown players secure market-driven development As 2021 draws to a close, the Chinese new-energy vehicle (NEV) market, the largest in the world, has been engaged in…

China's central bank and the insurance industry regulator have issued a notice to encourage financing for mergers and acquisitions in the real estate sector, the latest move to relax financing…

A total of 1,170 tons of pine nuts, carried in 26 chartered flights, have arrived in China from Afghanistan, generating more than 100 million yuan ($16 million) in revenue for…

Semiconductor Manufacturing International Corp (SMIC), China's largest contract chipmaker has won a land auction in Shenzhen, south China's Guangdong Province, following a reported escalating crackdown by the US. The company…

China's oil giant Sinopec on Tuesday released a report about the company's participation and growth in Russia which deepens ties with China on energy cooperation, a key sector following global…

Some producers of cobalt, a key component in lithium-ion batteries for electric vehicles (EVs), in East China's Zhejiang Province have suspended work due to recent COVID-19 flare-ups, pushing up the…

Long-awaited promise of ending monopoly in Brazil faces delays Brazil's state-controlled oil company Petrobras has raised prices at least once in the middle of the divestiture process of its largest…