China Business & Economy

China Opens Door To Foreign-Owned Hospitals

A visitor walks past a design promoting the recently opened Shanghai Pilot Free-Trade Zone on Nov. 28, 2013. Chinese authorities said they will allow foreign-owned hospitals to operate in seven cities and provinces. (Peter Parks/AFP/Getty Images)
A visitor walks past a design promoting the recently opened Shanghai Pilot Free-Trade Zone on Nov. 28, 2013. Chinese authorities said they will allow foreign-owned hospitals to operate in seven cities and provinces. (Peter Parks/AFP/Getty Images)

A new pilot program being rolled out in China will allow foreign companies to run hospitals in seven cities and provinces, according to a notice...




  • Tai Yiu-ting calls on all Hong Kongers to vote in Occupy Central’s Civil Referendum on June 23, 2014. (Poon/Epoch Times)

    Protest Will Launch If Beijing’s Decision Displeases Hong Kongers

    HONG KONG—If Hong Kong democrats do not like the Chinese regime’s decision on universal suffrage for the city-state, the nonviolent Occupy Central movement will take... Read more

  • Victim depositors hoist a banner in front of the Bank of Xinxiang in Xinxiang City of Henan Province, in August. Zhang Li, a branch president at the bank, borrowed huge sums from depositors and committed suicide when the loans went bad. (Screenshot/Tianya.cn)

    Chinese Bank President Involved in Loan Sharking Kills Self

    Zhang Li, a branch president at the Bank of Xinxiang in China’s Henan Province, committed suicide last month after overseeing vast amounts of bad, possibly... Read more

  • Wang Zongnan of Shanghai Bright Food attending a meeting in Shanghai on July 30, 2012. Wang is one of many executives under investigation for corruption in China. (STR/AFP/Getty Images)

    Anti-Corruption Campaign Hits State Companies

    When China’s new Communist Party chief announced his intention to rid the Party of corruption shortly after taking office, no one expected the massive scope... Read more

  • A sign for Standard & Poor’s rating agency in front of the company’s headquarters in New York, Sept. 18, 2012. (AFP photo/Emmanuel Dunand)

    Political Split Could Be Bad News for Hong Kong’s Credit Rating

    HONG KONG—Standard & Poor’s recently affirmed Hong Kong’s AAA credit rating but said the firm may lower it if political tensions become bad enough to... Read more

  • A delivery courier checks the packages inside his three-wheeled vehicle in Beijing on Aug. 18, 2014. Foreign direct investment into China dropped by more than a sixth year-on-year in July, the government said on Aug. 18. (Wang Zhao/AFP/Getty Images)

    Foreign Direct Investment Into China Drops to Two-Year Low

    Foreign direct investment (FDI) into China in July was down 17 percent year-on-year, the lowest monthly figure in two years. Observers say China’s political and... Read more

  • Li Ka-shing, chairman of Cheung Kong Holdings Ltd., speaks at a press conference in Hong Kong, on March 29, 2012. (Antony Dickson/AFP/Getty Images)

    Two Real Estate Moguls Move Out of China

    When it comes to property investing in China Li Ka-shing and Wang Jianlin were ahead of the pack when the market moved up. Now they... Read more

  • A Chinese farmer makes his way into a dried-up well in Fuyuan, Yunnan Province on Feb. 20, 2012. (STR/AFP/Getty Images)

    China Suffers Drought, Water Shortage

    This summer has been one of the hottest in decades in Jilin Province, China, and several counties are facing the complete loss of their harvests... Read more

  • Chinese honeysuckle flowers are seen in a screenshot from tlzd.net. A Chinese official at a provincial anti-corruption department charged leaders at the China Food and Drug Administration of corruption, claiming they profited off a change in the name of honeysuckle flowers, a Chinese medicine, grown in the south. (Epoch Times)

    Chinese Official Makes Stink Over Sweet-Smelling Herb

    An official in China’s south-central Hunan Province took matters into his own hands and used his microblog to report official corruption in China’s Food and... Read more

  • Since September of 2008 Chinese banks under the direct control of the Chinese regime pumped more than $16 trillion of credit into the economy.(WANG ZHAO/AFP/Getty Images)

    Weak Summer Data Confirms China Slowdown

    All of a sudden, everything is going down: Stocks, housing, commodity financing deals, economic growth. In China, debt expansion is the primary driver behind all... Read more

  • Rose Lee (R), the vice chairman and chief executive of Hang Seng Bank (HSB), on Aug. 5. Lee has expressed concerns that the bad debts of mainland China will start to appear in the second half of the year, so HSB will avoid giving loans to high-risk industries with overcapacity. (Bilong/Epoch Times)

    Hong Kong Bank Rejects Risky Loans to Mainland China

    HONG KONG—As China’s economic growth gradually slows down, an increasing number of mainland Chinese companies are taking loans from Hong Kong banks, spreading the crisis... Read more

  • Construction takes place on the Panama Canal in Cocoli, near Panama City, on Aug. 8. China is negotiating the construction of a fourth set of locks on the canal. (Rodrigo Arangua/AFP/Getty Images)

    China Wants Stake in Panama Canal, Proposes Fourth Set of Locks

    China wants to invest in a fourth set of locks on the Panama Canal, in addition to its proposal for a new canal in Nicaragua... Read more

  • McDonald's Corp. signage stands in the pedestrianized Dongmen area of Shenzhen, China, on Monday, Aug. 4, 2014. McDonalds Corp., working to resume sales beef and chicken in China this week after a supplier was accused of repackaging old meat, said the situation is hurting its results in Asia. (Brent Lewin/Bloomberg via Getty Images)

    Food Safety Scandal in China Weakens McDonald’s Sales

    McDonald’s says a key sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and the impact of a food... Read more

  • A motorbike rider rides past the gate of the faculties of Chaori Solar Energy Science & Technology Co. in Shanghai on March 8, 2014. Chaori was China's first-ever default on a domestic corporate bond. (STR/AFP/Getty Images)

    Debt Binge Smashes Small Corporates in China

    Up until 2014 the term bankruptcy was unheard of in China. It just wasn’t allowed. That all changed with the default of an interest payment... Read more

  • An Audi is pictured in front of a car dealer in Shanghai on Aug. 6, 2014. German luxury car maker Audi and Chrysler of the United States have committed 'monopoly behaviour' in China and will be punished soon, the country's regulator said. (Johannes Eisele/AFP/Getty Images)

    China’s Monopoly Accusations Serve Monopoly on Power

    China’s National Development and Reform Commission (NDRC) has been rather busy lately protecting Chinese consumers from “monopolistic behavior” by Western companies. Or not. In fact,... Read more

  • David Chin Hung-I, managing director and head of investment banking for UBS Asia. Chin recently said that when UBS sponsors IPOs, it judges them very cautiously and uses a lot of human and material resources. (Yu Kong/Epoch Times)

    Questionable Chinese Stocks Flood Hong Kong Market

    HONG KONG—A large number of mainland Chinese enterprises flocked to be listed in Hong Kong’s stock market this year, overshadowing Hong Kong’s position as one... Read more

  • Mailboxes are seen inside the Microsoft office in Guangzhou, in southern China's Guangdong province on July 29, 2014. China is investigating Microsoft for allegedly operating a monopoly in its market, the government said on July 29, as it took aim at the US software giant over business practices. (STR/AFP/Getty Images)

    Microsoft Office Raided by China Officials

    BEIJING—China’s anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies. The State Administration for Industry and Commerce... Read more


    Top