Economy

China has outpaced the US to become the first country in the world with more than 1,000 billionaires, according to the newly released 2021 Hurun Global Rich List. In total,…

Baidu has completed registration of its electric vehicle venture which it set up with the help of Chinese automaker Geely, marking another important step in the Chinese search engine giant's…

A global microchip shortage is plaguing the entire cell phone manufacturing, as well as hitting personal computer making and car production. The shortage is spurred by COVID-19-induced supply crunch, the…

Chinese foreign ministry spokesperson urged the Australian government to seriously reflect on itself against the backdrop of a plunge of Chinese investment in Australia last year when China's outward foreign…

Australia's foreign direct investment (FDI) from China reached its lowest point in six years, as the total investment from China dropped to Aus$1 billion in 2020 from Aus$2.6 billion in…

Dong Mingzhu, a deputy to the National People's Congress (NPC) and chairwoman of Chinese home appliance giant Gree Electric Appliances, suggests that responsible government departments should publish China's own national…

North China's Inner Mongolia Autonomous Region will eliminate virtual currency mining by the end of April, according to local market regulator's latest draft policy. Apart from banning all mining projects…

Major safety concerns raised by China's civil aviation regulator over US plane maker Boeing's 737 MAX have not been fully addressed, an official with the Civil Aviation Administration of China…

There are some voices in the media questioning whether Chinese lending to the Belt and Road Initiative (BRI) has dried up, citing heavy debts and that South Africa needs free…