China Targets Online Games

China has recently set out on another round of action against online games with illicit conduct and inappropriate content. Departments should carry out investigations immediately mainly on games with large numbers of players and big social influence, according to a guideline by eight departments including the Publicity Department of the Central Committee of the Communist […]

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China Cultural Center Inaugurated in Bulgaria

The first China Cultural Center in Bulgaria was inaugurated here on Thursday. The center, covering an area of almost 4,000 square meters, is located in the downtown of Sofia, Bulgaria’s capital city, and includes exhibition halls, a library and rooms for teaching Chinese language, calligraphy, music, martial arts, dance and cuisine. Zhang Xu, China’s Vice […]

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China: A New Era to Dawn

China has sent a clear signal that it will put quality and efficiency of growth first as it enters a new development era. Since the reform and opening up, the Chinese economy has expanded much faster than the rest of the world, partly due to China’s three-step development strategy aiming to quadruple the 1980 gross […]

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McDonald’s: Choosing Name in China Not Easy

McDonald’s in China provoked snorts of laughter yesterday as Internet users mocked a ham-fisted new company name that sounds a lot like the Chinese word for a pig eating. Earlier this month, the company quietly changed its official name from a transliteration of “McDonald’s” to a new moniker meaning “Golden Arches” — a reference to […]

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Chinese Luxury Market Continues to Rise

China’s luxury market is the fastest growing in the world set to rise an astounding 15 percent annually thanks to renewed confidence, middle class acceleration, and consumer sophistication. This comes amidst accelerating growth in the global luxury market, which is expected to add 5 percent to an estimated 1.2 trillion euros (US$1.4 trillion) in 2017. […]

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Artificial Intelligence Propels Forward in China

Artificial intelligence is now the buzzword not only in science, but in almost all walks of life. “To advance application of AI in real economy” has officially been written in a report delivered at the 19th Communist Party of China National Congress which ended on October 24. In fact, AI is taking up our daily […]

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Chinese Bike Sharing Company Youon Profit Surge

China’s bike-sharing company Youon reported a profit surge for the first three quarters on Monday. Changzhou Youon Public Bicycle System Co generated revenue of 751 million yuan (113 million U.S. dollars) in the first three quarters, up 44.11 percent year on year. The company reported a net profit rise of 9.38 percent, to 79.27 million […]

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