China Economic ReviewChina is on course to becoming the world's largest bachelor headquarter in the coming decades, when about 23m men of marriage age will be unable to find a female partner, researchers reported at an international population conference. The trend is driven by China's one-child policy which has spurred the rapid decline in fertility from its […]
Shanghai Automotive Industry Corp (SAIC) said it had submitted a formal offer, believed to be US$105m, for the assets of MG Rover, breathing new life into failed talks in April for a tie-up between the two companies, state media reported. The bid prompted British turnaround specialist David James to announce that he had put together […]
A group led by Chinese appliance maker Haier was "close" to telling Maytag Tuesday night that it would not submit a formal offer for the company, the Financial Times reported. Haier, working with buyout firms Bain Capital and Blackstone, had concluded that a formal offer for Maytag would probably be too expensive, the report said, […]
After doubling its steel output in four years, China will force steel mills to merge and shut small, polluting furnaces to limit the industry's expansion in a bid to preempt a glut of the metal on world markets, Bloomberg reported. Rising production and slowing local demand has led to more exports, undercutting global prices and […]
China's economy grew 9.5% in the second quarter as exports surged and investment in power plants, coal mines and other fixed assets rose, according to national statistics.