Biz China Weekly

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China's manufacturing shows signs of stabilizing economy

China's manufacturing sector has expanded for the sixth month in a row, a sign the economy is stabilizing amid an uncertain global outlook.

Finance

On the first working day of the Year of the Rooster, China's central bank surprised financial markets by raising lending rates to banks, widely interpreted as a shift towards neutral monetary policy as economic fundamentals improve.

Trade

  • The Chinese splurged this Spring Festival with the number of UnionPay overseas transactions rising nearly 40 percent year on year, the operator revealed Friday.

  • A European expert on China-EU cooperation has expressed optimism over the perspective of collaboration between Beijing and Brussels.

Companies

Apple Inc's iPhone last year lost the title of the best-selling smartphone in China for the first time in four years, highlighting the mounting challenges it faces from local smartphone vendors, a new report said.

Toutiao, one of China's most popular mobile news apps, confirmed Thursday that it has acquired Flipagram, a U.S. video creation app.

Alibaba Group Holding Limited on Saturday opened its Australian and New Zealand (ANZ) headquarters in Australia's Melbourne.