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In the shadow of Deng, Xi’s southern tour a big letdown

Blame it on Deng Xiaoping, China’s paramount leader from the late 1970s until 1997. China...

Naver's Profits Plummet

Korea's largest portal Naver has seen its operating profit plunge for four consecutive quarters due...

Hyundai Suffers Huge Drop in Profits

Hyundai Motor reported a third-quarter operating profit of W288.9 billion on Thursday, just one fourth...

Foreign banks in China can sell government bonds

The Chinese banking regulator is planning to reduce the access barrier for foreign banks, as...

New Top-Range iPhone Priced at Nearly W2 Million

Apple's latest premium iPhone XS Max with 6.5-inch OLED screen comes here with a price...

McDonald’s to expand in an environmental-friendly way

McDonald’s is planning to open more than 1,800 “green restaurants” in China by 2022, aiming...

Trade with Belt and Road countries exceeds US$860 bn

China’s imports and exports with countries along the Belt and Road initiatives exceeded 6 trillion...

KOSPI Hits Fresh Record Lows Every Day

The Korea Composite Stock Price Index fell to yet another record low on Wednesday, closing...

FAW Group to receive US$146 bn in credits from banks

State-owned automotive manufacturer FAW Group has formed a strategic cooperation with 16 banks which intend...

Fuel Taxes to Be Slashed 15% Next Month

The government has decided to slash fuel taxes to boost the economy for the first...

Guangdong’s GDP exceeds 7 trillion yuan: report

Eleven out of 20 provinces in China have recorded more than 2 trillion yuan (US$290...

Chinese banks move to lower mortgage rates in some cities

Some Chinese banks have cut mortgage interest rates in major cities with high demand for...

Lotte Chief Pledges Massive Investment, Job Creation

Lotte Group will invest W50 trillion and hire 70,000 new staff over the next five...

Tencent calls a halt to aggressive acquisitions

Tencent Holdings, famous for snapping up smaller companies and startups, appears to have called a...

Shenzhen sets sights on building a global marine center

Shenzhen’s municipal government has proposed an ambitious goal to become a global marine centre by...

Economy resilient, despite production downturn: People’s Daily

China’s industrial economy is still operating in a reasonable range and there is no need...