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Microsoft to close MSN service in China

Skype, the real-time Internet communication service provided by Microsoft, has emailed Chinese MSN users about the change, suggesting they move to the VoIP service.

State-run bank bosses may face big pay cuts

China's "big five" banks are likely to be the first targets of the salary-reduction reform for top executives at state-owned enterprises being pushed by the government.

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Economy

New maritime Silk Road to promote ties with ASEAN

The willingness of China and Association of Southeast Asian Nations members to build the 21st century maritime Silk Road will inject impetus into upgrading the ASEAN-China Free Trade Area over the long term.

Companies

Corruption campaign leaves Wuliangye with hangover

Top distillers' struggles have deepened amid the government's campaign against corruption and extravagance, with Wuliangye Group Co Ltd reporting record low profit and sales in the first six months of 2014.

Industries

Weak demand for refined oil, gas hits CNOOC, PetroChina

Leading oil and natural gas companies PetroChina Co Ltd and CNOOC Ltd reported first-half results on Thursday that reflected weaker demand for refined products.

Technology

Wanda, Baidu, Tencent to spend 20b yuan in e-commerce JV in 5 yrs

About 20 billion yuan ($3.3 billion) will be injected into an e-commerce joint venture formed by Dalian Wanda Group Co Ltd, Tencent Holdings Ltd and Baidu Inc in the next five years.

Hot Topics
Taking the green road to growth

Stein Erik Hagen believes that China will continue to play a critical role in the global economic transformation and spearhead green energy applications worldwide.

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