Finding comfort in the lap of luxury

Retailers and investors say China's luxury goods industry still has a bright future despite a second consecutive year of losses in 2015, according to consulting firm Bain & Co.

China shows the way in green standards

Finance industry insiders and analysts have backed China's national green bond standards to help drive forward harmonization of international standards.

Environment protected by political will

China's leadership is promoting global green finance by using its political will, a top British expert says.

Michelin treads firmly into tech territory

Bruno de Feraudy doesn't think of his business as characterized only by the loud sounds and oily aroma of a tire repair shop.

Quotable

VR technology is likely to become the norm for soccer broadcasts in the future, with audiences able to watch live games using VR goggles - an experience that will make them feel as if they are standing on the field."

IN BRIEF (Page 24)

Wanda ready to reveal big investment, chief says

Dalian Wanda Group Co, the Chinese entertainment, property and finance conglomerate, was expected to announce a "major deal" as early as Feb 26 and to make the United Kingdom its headquarters on the continent, Chairman Wang Jianlin has announced.

Xiaomi to drop web-only sales

Smartphone maker Xiaomi Corp debuted its flagship handset on Feb 24 and pledged to open up to 300 retail stores to counter Huawei Technologies Co Ltd, which is threatening its leading position in China.

Web shoppers spring for holiday fun

For a long time, Chinese consumers have enjoyed the annual ritual of shopping surrounding the Lunar New Year in February. Now, thanks to e-commerce, the world is partaking of the fun.

Imports new trend in festival tradition

Every Spring Festival, Xu Xiaoding, 55, of Ningbo, in East China's Zhejiang province, lovingly and painstakingly cooks a fantastic banquet consisting of more than 10 courses for his extended family.

Analysts forecast record year for M&As

The combined value of China's outbound mergers and acquisitions is expected to set a record this year and be more diversified, according to academicians and industry analysts.

Chinese tourists buy bulk of luxury

Chinese consumers spent 1.2 trillion yuan ($184 billion; 166 billion euros) abroad last year, and more than 60 percent bought luxury products - including handbags, cosmetics and mobile gadgets, a luxury-market consultancy says.