Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Today, the Taiwanese light manufacturer has winnowed its workforce to just 200 and leased most of its space to other companies: lamp workshops, a mobile phone maker, a logistics group, a liquor brand.
China
Grilled: Lexus seeks design edge over premium rivals
Big may be beautiful, but Toyota Motor Corp's (7203.T) global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.
PSA Peugeot Citroen and Dongfeng to develop small-car platform
PSA Peugeot Citroen (PEUP.PA) and China's Dongfeng Motor Group (0489.HK) will spend 200 million euros ($216 million) to develop a technology platform for small cars that will help to give them more products to boost sales in southeast Asia and China.
Foreign automakers double down on China bets despite slowing growth
Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.
China makes big cut in bank reserve requirement to fight slowdown
China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.
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Foreign direct investment (FDI) into China rose 2.2 percent on the year in March, while outbound flows posted a milder rise, as foreign corporate investors remain undeterred by China's weakening domestic economic performance.
China's slowing growth is not good for anybody but it will not affect U.S. efforts to build business ties, U.S. Commerce Secretary Penny Pritzker said on Wednesday after Beijing announced its weakest quarter of growth in six years.
Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000s but whose hype then faded.
JD.com Inc, China's No. 2 e-commerce player, on Wednesday launched its JD Worldwide cross-border online shopping platform, a challenger to Alibaba Group Holding Ltd's Tmall Global service.
China grew at its slowest pace in six years at the start of 2015 and weakness in key sectors suggested the world's second-largest economy was still losing momentum, intensifying Beijing's struggle to find the right policy mix to shore up activity.
China's annual economic growth likely slowed to a six-year low of 7 percent in the first quarter as demand at home and abroad faltered, fanning expectations that authorities will have to roll out more policy stimulus to avert a sharper slowdown.
China's export sales contracted 15 percent in March, a shock outcome that deepens concern about sputtering Chinese economic growth.
China's economy faces increased downward pressure, the premier has said, as the country prepares to announce first-quarter economic growth.
The China-led Asian Infrastructure Investment Bank (AIIB) will be lean, clean and green, its interim chief said, playing down concerns over transparency and standards governing the institution.
