China

Asian currencies move towards CNY

Asian currencies move towards CNY

And this has kept Asian currencies resilient in the face of recent EUR weakness, according to HSBC.

@Customerservice#productfail: 30% of Chinese turn to social media for customer service

And 60 % use web chat to talk with companies as they hang up the phone on customer service.

8 in 10 businesses in China to use RMB in cross-border trade

But a good 37% of Chinese traders still doubt the acceptability of RMB outside China, reports HSBC.

China faces worst-ever power shortage

Shuai Jungin, State Grid Corporation of China executive vice president, warns that China will face its worst-ever power shortage this summer.

GDP in China and Korea may turn negative in mid 2011

It's bad news for North Asia with industrial production slowing massively, notes DBS.

China Manufacturing finally slows down

Still growing, but down to a 10 month low.

The great Chinese slowdown is coming soon to a city near you

Macquarie argues that monetary policy has been tightened so its just a matter of time to see how much this freight train slows down.

Shangri-La Hotel, Manzhouli opens today

It is Shangi-La Asia's third hotel in Inner Mongolia following its sister properties in Huhhot and Baotou.

Singapore developer to build affordable housing in China

CapitaLand is in China will focus on China's affordable housing market, despite the recent cooling measures by the authorities to curb speculation.

CapitaLand dissolves 62% stake in Beijing Ruihua Property Development

CapitaLand China Investment agreed to terminate the agreement as the title of site has not been transferred to BJRH.

Overseas Job Seekers Revive their Career in Asia

As frustration over unemployment remains high after 18 months, a recruitment specialist is advising job seekers, to look for greener pastures outside their home countries and set their sights on Asia.

China Manufacturing PMI rebounded to 51.7 in August

Morgan Stanley believes the modest rally (from 51.2 in July) can be explained partly by seasonality.

China: Retail sales going up

DBS Group Research said China’s retail sales growth is higher than it’s been in a decade.

Chasen Holdings bagged RMB60 mln worth of relocation projects

Relocation specialist expands in Nanjing and Beijing, China with two joint ventures.