GCS International holds extraordinary board meeting, discusses upcoming major events
By Seok-Jae Kang GCS International Secretary-General Vice President of the Asian Journalists Association SEOUL: GCS International held its extraordinary Board of Directors meeting at the conference room of the GCS headquarters in Seoul, Korea on April 23. At the extraordinary board meeting, held in a hybrid on- and off-line format, the board members unanimously […]
China’s Alibaba Committed to Help Empower Small Businesses in India
China’s e-commerce giant Alibaba’s executive chairman Jack Ma committed that would help empower small businesses in India, when he met with Indian Prime Minister Narendra Modi on Monday (March 30, 2015) in New Delhi. Modi also noted “Had a very good meeting with Jack Ma”. Modi reportedly is keen to use the internet to boost […]
Global Use of the Renminbi is to Fall
Use of the renminbi in global payments fell in March. The Chinese currency broke into the top5 most used payments currencies last year, overtaking the Canadian and Australian dollars. But in February, renminbi use dropped to 1.8% of global payments from 2.2%, nudging it back down to 7th in the rankings. Issuance of offshore renminbi […]
Chinese Property Developers Suffer Big Price War
Chinese property developers are forced to sacrifice profits to boost sales, as the downturn in the housing market saddles. Most of the record were listed steady rise in revenue, but sharp declines in profit for many are a symptom of aggressive price-cutting. Agile Property, increased 8% in 2014, but profits sank 11%. Guangzhou R&, profit […]
Lenovo and Xiaomi Make New Friendship with Windows Phone
Microsoft has announced that it will develop smart devices with help of its Chinese friends-smart phone makers Lenovo and Xiaomi. It has been confirmed that Lenovo and Xiaomi had made commitment to run the latest version of Windows operating system. Lenovo is planning to launch Windows-based smartphones this summer according to the deal, and new […]
3 Free-trade Zones Will Be Added in China
China is getting ready to build for three more free-trade zones. AFP(Shanghai) reported. On Tuesday, President Xi supported Politburo meeting to approve 3 new FTA zones in the southern province of Guangdong, eastern province of Fujian and northern city of Tianjin, depending on Xinhua. Guangdong FTZ(Free-trade Zones) is designed to speed economic integration with neighbouring […]
Top 3 Favorite Choices of Chinese Travelers “Korea, Russia, Japan”
Chinese overseas tourists are changing their travel habits with currency shifts, evolving fashions and visa policies, which helps with South Korea, Japan and Russia became the biggest beneficiaries. According to the Korea Tourism Organisation, China Mainlanders visit to South Korea had soared up to 58% against the year before, reach to 516,787 in February. Meanwhile, […]
China Drafting Line to Bind Square Dance
Few of social activities do not under government supervision and norms, and soon that will include square dancing. Ever-growing numbers of enthusiastic dancers usually called “Dama”, meaning elderly women. They have always gathered on the street corners of China’s cities, therefore lead to dissatisfaction that the elderly participants blast their music until late night, disturbing […]
Alibaba’s Ambition of a New Entertainment Empire
China’s dominant e-commerce platform Alibaba is just trying to build glamorous empire in entertainment area. According to IHS Technology’s report, China’s box office rose by a third to hit $4.8bn in 2014. That is 1/2 of the US figure. But the latter shrank 4 per cent last year. Chinese entertainment market to overtake the US, […]
Chinese Consumer Confidence is Restoring
China Consumer Sentiment Indicator increased 2.4 per cent in March to 114.7, from a reading of 112 in February according to a monthly survey by Westpac MNI in Australia. Consumer Sentiment Indicator is a “tentative sign” that consumers have registered easing measures undertaken by the People’s Bank of China, which appears to have outweighed any […]
The AsiaN Reporter Station in China 
Trump, Kim, and the Three P’s of Summit Diplomacy: 
