China
Mercedes overtakes Audi, thanks to robust China sales
Mercedes-Benz outsells Audi in global market, thanks to the strong sales in China. The race for the top rank for luxury automaker sales heats up as Mercedes-Benz overtakes Audi in global sales last year, thanks to strong China sales.
Xiaomi Redmi 3 is Launched as an Inexpensive and Beautiful Phone
Chinese phonemaker Xiaomi introduces its new Redmi 3 on Monday. With its full-metal body, the Redmi 3 is a beautiful phone with unexpectedly lower price.
Gillian Wong Returns Back To AP As News Director, Assigns For Greater China
Ted Anthony, AP’s Director of Asia- Pacific news has named Gillian Wong as the News Director for Greater China. Wong, a career journalist is famed for her vast knowledge over China following his coverage over this territory since 2008. The charismatic journalist is going to serve AP from Beijing in its 2nd phase after fist one ended in 2008.
Treasuries fell as markets discount China concerns
US Treasuries dropped for the first time in seven days as China concerns eased. The unexpected depreciation of Yuan by China's central bank sent shock waves across the global markets. This triggered selloff in equities and forced investors towards safe havens such as treasuries and gold.