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Yum's mainland stake sale 'postponed'

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.

China's local consumer brands gain more market share

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.


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'Policy tools can meet challenges'

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.


Zeavion to buy early education business of America's Gymboree

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.


Regional jet airliner makes maiden flight

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.


VW to fork out $15b over cheatings

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.


Haier to be innovation platform for corporate cultures to coexist

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.

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