Creating China’s own Hollywood – Will Chinese cinema find its way abroad?

The nation’s box office earnings grew 60 percent last year to set a record high of 10 billion yuan, about $1.47 billion. The earnings were due largely to domestic hits like Let the Bullets Fly and If You Are the One 2.

The cost of failure – Year of business scandals fuels future development

You could call it a year of economic success: the country’s economic recovery continues and its GDP grew 10.6 percent during the first three quarters.

Breaking up the ‘Big Four’ – Local CPA firms challenge best of the West

Certified Public Accountant (CPA) firms, both foreign- and domestic-funded, have started a storm of mergers reshaping the country’s accounting industry.

Wealthy Chinese buy foreign homes

Strict policies introduced by the government to cool the real estate market in the capital have led many of the city’s richest residents to look overseas for real estate investments.

Top firms pick US to go public – US investors crazy for Internet giants’ IPOS

On its first day, video sharing website Youku climbed 161 percent from its IPO price of $12.80. It was the fastest-growing IPO in the US since Baidu’s 354 percent jump in 2005. Online bookseller Dangdang climbed an impressive 87 percent from its starting $16.

Winning young buyers’ wallets – Car sale surge shows new shoppers’ traits

China’s cost-conscious consumers may have many traits that appear curious to the global market. But multinational companies banking on the rise of this group’s spending power are seeing their gamble pay off.

Overseas HR firm to tap talents

The increasing growth of the human resource (HR) industry in China has made it a potential goldmine for outsourcers. Swiss staffing giant Adecco announced last Friday that it will expand its business through a joint venture in Shanghai with a local company.

Micro-blog war – Return of early twitter clone results in fierce competition

They contain only 140 characters. They are short, direct to the point and favored by global celebrities – the US president even uses them to attract youth votes.

Foreign companies levied same taxes as local ones

As of December 1, foreign companies in China are paying the same amount of taxes as their Chinese counterparts, in accordance with an agreement enacted nearly a decade ago.

Inflation sighted – Consumers change lifestyles to battle price hike

As economists continue to battle over the question of inflation, McDonald’s provided a more definitive answer: the company announced last week that the price of a Big Mac in its 1,000 China outlets has risen from 14 to 15 yuan ($2.25).