China and Japan had been competing to construct the high-speed rail system in an attempt to secure a multibillion-dollar contract.
China's top legislature on Saturday adopted an amendment to the Law on Commercial Banks, removing a 75 percent loan-to-deposit ratio stipulation.
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Delta Air Lines Inc and China Eastern Airlines Corp will deepen their cooperation, officials of the two airlines said, giving Delta a stronger foothold in the world's fastest-growing aviation market while the Chinese carrier penetrates further into the United States.
China is stepping up plans to turn military technology into commercial success, which will fuel economic growth in the country.
Warren Buffett-backed Chinese carmaker BYD Co Ltd said on Wednesday that it has inked a deal to supply 10,000 vehicles, including new-energy cars and gasoline-powered vehicles, to Sudan.
Xiaomi Corp, the world's third-largest smartphone maker, is targeting expansion in developed markets after carving a niche for itself in the developing world, as part of its efforts to end reliance on the domestic market.