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China is expected to account for about one-third of global tool demand by 2020, despite worries about a slowdown in its economic growth, German metal-cutting tool supplier Walter AG said.
Wind turbine maker Sinovel Wind Group Co is seeking more than 369.1 million yuan ($58 million) from American Superconductor Corp (ASC) in a counterclaim filed in a dispute over component shipments.
Stocks on the Chinese mainland rallied on Wednesday, spurring the biggest gain for the benchmark index in a year, on speculation the government is seeking to bolster the share market after valuations dropped to record low levels.
The State Council, or China's Cabinet, on Wednesday took a new approach toward helping the country's cash-strapped small- and micro-sized enterprises, pledging stronger financial and fiscal support to allow them to plow through current economic difficulties.
Small firms' credit crisis under control
Wenzhou economy 'still healthy'
Taobao Mall Co, China's largest business-to-consumer (B2C) online marketplace by transaction value, has experienced two successive waves of online rioting since it significantly increased fees on online vendors on Tuesday.
Nancy McKinstry, head of one of the world's largest publishing organizations, believes China is rapidly advancing into the digital publishing age.
China's Ministry of Railways began to sell 20 billion yuan ($3.1 billion) of bonds on Wednesday, offering a 50 percent reduction in taxes on the interest income to offset rising financing costs caused by the negative investor reaction to a fatal train crash in July.
Zhang Xiaogang, president of Chinese Anshan Iron and Steel Group Corporation (Ansteel), was elected on Wednesday as Chairman of the World Steel Association (Worldsteel).
China plans to produce 6.5 billion cubic metres (bcm) of shale gas by 2015 and aims for 80 bcm by 2020, an official with top Chinese oil and gas producer China National Petroleum Corporation (CNPC) was quoted as saying by Chinese media.
China bought more Japanese debt than it sold for the first time since October 2010 as it sought refuge from the fiscal crises of the United States and Europe.
China and Russia made giant strides in energy cooperation on Tuesday by first agreeing a price for Russian oil exported through a cross-border pipeline and then announcing the approaching "final stage" of work on Russian gas exports to China.
China optimistic about gas talks with Russia
Pressuring the renminbi to appreciate is a bad choice for the US, as it will hurt both countries as well as global economic growth in the long run.
