Half of humanity – 3.5 billion people – live in urban areas today, and the movement of the rural poor to large cities is one of the exemplary narratives of the modern era. But cities in India and other major emerging countries are simply unable to cope with the influx of migrants on the current scale.

Kirill Dmitriev, CEO of Russian Direct Investment Fund, says that it plans to double its joint private equity fund with China Investment Corporation to $4 billion from $2 billion, according to Chinese state media. Last June, China Investment Corp (CIC) and the Russian Direct Investment Fund (RDIF) each committed $1 billion to jointly establish the […]

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US auto giant General Motors has withdrawn a global advertisement which refers to China as the land where people say "ching-ching, chop suey" after admitting it contains "objectionable lyrics."

A sudden hostility to extravagance has led to a big slowdown in Swiss watch exports to a country that had been the product’s fastest growing market

CHINA Railway Corp, the new national railway operator that has taken over the business operations of the defunct Ministry of Railways, posted losses in the first quarter with its debt-to-asset ratio up slightly to 62.31 percent.

US employment rose more than expected last month and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy.

CHINA'S yuan rose for a ninth week, the longest winning streak since November. The yuan yesterday closed 0.01 percent stronger than Thursday at 6.1556 per US dollar, according to the China Foreign Exchange System. The currency gained 0.15 percent this week.

EUROPE will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record levels, the European Union warned yesterday.

SHANGHAI stocks rose the most in a week yesterday after China's central bank released a detailed guideline for overseas institutions to invest in the domestic equity market in yuan.

An exhibitor (right) shows jewelry to visitors at a jewelry and gem exhibition at the Shanghai Everbright Convention and Exhibition Center, which opened yesterday. More than 300 domestic and overseas jewelers are participating in the four-day event.

CHINA'S service activity cooled in April due to falling demand amid a slowing economy and the government's anti-corruption campaign, a survey showed yesterday.