The sale process for a stake in Yum! Brands Inc's Chinese mainland business, which operates KFC and Pizza Hut eateries in the country, has been delayed, people with knowledge of the matter said.
The growth rate in the value of fast-moving consumer goods in China reached a five-year low of 3.5 percent in 2015, according to an industry report.
China will continue to push forward reform and opening up in its financial sector this year, the People's Bank of China.
Lower headline credit growth, still strong overall credit impulse
Booming Chinese robotics industry a good sign
New age, new balance and new breakthroughs
Is China running out of policy options?
Hello Huawei, Xiaomi, bye-bye big brands
Opening-up the service sector key for reform
Market economy status not a bilateral negotiation
China will continue to push innovation to foster new growth engines and the government has ample policy tools to respond to challenges, Premier Li Keqiang said.
Chinese-led company Zeavion Holding announced on Tuesday that it will purchase the early childhood development business of Gymboree Corporation, San Francisco-based global provider of children's apparel and early education programs, in a deal worth $127.5 million.
The ARJ21-700, China's first home grown regional jet airliner designed and manufactured by Commercial Aircraft Corporation of China, made its maiden flight on Tuesday from Chengdu, Sichuan province to Shanghai, in a flight operated by Chengdu Airlines.
Volkswagen AG's price tag to settle lawsuits in the US over its rigging of diesel emissions tests has jumped to more than $15 billion - $5 billion more than previously reported - on the eve of a settlement to be filed on Tuesday in a San Francisco court.
Zhang Ruimin, chairman of Haier Group, said China's largest maker of home appliances will continue to be the platform where different cultures could coexist, thrive and contribute creative inputs for innovation in the industry, in line with the government's current emphasis.