China Vanke Co has received a lifeline by state authorities, a rare show of support that signals the developer is too big to fail even as dozens of property firms default amid China’s punishing housing slump.
World looking to China as US President Donald Trump attacks globalisation, but it first needs firm political resolve, Zheng Yongnian says.
As new brands become key in driving traffic to China’s urban commercial spaces, the sustained rise of the “first-store economy” has further stimulated consumer appetite.
A Chinese court has sentenced a man to death over the fatal stabbing of a Japanese boy in the southern city of Shenzhen, Japan's Kyodo news agency said on Friday, citing Japanese ambassador to China,
BEIJING -- Beijing, Shanghai and Hong Kong rank among the world's top 10 innovation cities, alongside other cities from the United States, Britain and Japan, according to a recently released assessment report on sci-tech innovation.
After numerous measures to resolve a liquidity crisis in the property market in recent years, Beijing is expected to end up dusting off an old playbook and step in directly to stabilise a state-backed developer seen as a bellwether for the sector.
In response, China pulled the WTA Tour Finals contract. The organization signed a three-year deal to host the event in Riyadh, Saudi Arabia in spring 2024, and two years after the end of the boycott, Shenzhen will now host women’s tennis again.
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons".
Morgan Lewis & Bockius’ Shenzhen office, launched less than two years ago, has ceased operations. The firm’s former Shenzhen head and intellectual property partner, Shaobin Zhu, left in November to join DLA Piper in the U.S. Morgan Lewis did not find a successor to lead the Shenzhen outfit, and subsequently closed the office.
Beijing Yizhuang Half Marathon began on November 10, 2024. The "Tiangong" robot, serving as a "closing rabbit" (a pacer who encourages and motivates runners to keep going), crossed the finish line alongside participants.
BEIJING (Kyodo) -- A Chinese court sentenced a man to death on Friday for fatally stabbing a 10-year-old Japanese boy last September in Shenzhen, Japan's government said, a day after another court handed down the same penalty in another knife attack involving Japanese citizens.
Exporters this week jostled to load and ship cargo from Shenzhen's Yantian Port, one of the world's largest container ports, before an eight-day Lunar New Year holiday and ahead of a potential wave of U.