Aug 25, 2015

China, North Korea to open border trade zone in October

China and North Korea will open a border trade zone in October, Chinese state media said on Tuesday, the latest effort to boost economic ties despite tension between the countries. The Guomenwan trade zone in the northeastern Chinese city of Dandong, in Liaoning province, ...

Stock rout costs China's richest man $3.6 billion in one day

Aug 25, 2015

Stock rout costs China's richest man $3.6 billion in one day

China’s richest man lost $3.6 billion (¥432.34 billion) in a single day after global stock markets tanked and Chinese markets erased all their gains for the year. Wang Jianlin, chairman and founder of property and entertainment company Dalian Wanda, lost more than 10 percent ...