Hermès, Ferragamo and Brunello Cucinelli post strong sales, shrugging off concerns about the effects of slower economic expansion in China

U.S.-based NCR Corporation says it has sold 240 new point-of-sale terminals to four major shopping malls in China. Those four shopping malls are Beijing Baishang Life Mall, Chengdu Global Shopping Mall Ocean Amusement Park, Chengde Golden Dragon Royal Shopping Mall and Baoding Ginza Mall. The malls in Beijing, Chengdu, Chengde and Baoding are partnering with […]

The authors are IMF's Tamim Bayoumi and Franziska Ohnsorge. The views below do not represent the views of the IMF China’s 12th Five-Year Plan pledges to accelerate capital account liberalization. This would be a major event in the global financial architecture. Despite steps to ease restrictions and some circumvention over the past decade, much of […]

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Yihaodian.com, a Chinese B2C e-commerce website and Internet retailing subsidiary of Wal-Mart, announced a new mobile phone strategy. Wei Huazhen, vice president of Yihaodian.com, said during the company's latest press conference that the company will attach more importance to the mobile phone sector. Based on its "D50" pricing strategy, the company will continue to expand […]