The central parity rate of the Chinese currency renminbi, or the yuan, weakened 29 basis points to 6.5302 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
Japan has returned to being Korea's biggest competitor on the export front, while their biggest battle ground is the U.S. market. In China, Korean exports are managing to maintain the top spot, but U.S. exports are catching up quickly.
Liu Shiyu, the newly appointed head of China's securities watchdog to replace Xiao Gang, faces a daunting task in making the equity market more market-oriented and in cracking down on illegal activities.
Uber Technologies Inc is burning through more than a billion dollars a year in China as it wages a fierce price war against local rival Didi Kuaidi, its chief executive said.
GPS sport watches, compression leggings and hydration packs are the new must-haves for wealthy Chinese, pumping up the multi-billion dollar sportswear industry at a time when China's elite are reining in spending on more traditional luxury brands.
Australia's unemployment rate in January has risen to 6 percent from 5.8 percent a month earlier, according to the latest figures released by the Australian Bureau of Statistics (ABS) on Thursday.
Despite a slowdown in economic growth, aviation giants at the Singapore Airshow still view China as being the most promising market in the near future and beyond.
The yuan surged on Monday after the central bank chief reassured investors there is no basis for persistent depreciation.
It is groundless and unfair to blame China for the global slowdown and market volatility, and naysayers' misjudgments highlight their ignorance on the world's second-largest economy.
Chinese stock markets tumbled Monday after the week-long lunar New Year public holidays. The slide is not surprising as the stock markets in the United States, Europe and Japan all had a turbulent week.
A Thai-Cambodian border market, which has earlier thrived on pirated and second-hand goods, will likely go out of business in the face of crackdowns on contraband merchandise, said a Thai business executive on Thursday.
China became the world's third largest insurance market in 2015, with insurance premiums surging in the past five years, according to the China Insurance Regulatory Commission (CIRC).
The Chinese government "has no intention to boost exports by devaluing the renminbi, not to mention waging a trade war", Premier Li Keqiang told International Monetary Fund chief Christine Lagarde during a telephone call on Thursday morning.
The number of unsold apartments in South Korea posted the fastest monthly increase in November 2015, indicating a home glut amid rising concerns about the property market slump, a government report showed Wednesday.
As the Chinese economy is undergoing profound restructuring and transition, international investors seem to be split in their judgment about the prospects for China's capital market.
China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 here said on Thursday.
The current stock market volatility will challenge the Chinese regulator's ability to respond and implement reform, analysts said after the country's securities chief acknowledged deep flaws in the system.
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