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The China National Offshore Oil Company (CNOOC) announced Wednesday that its net profits soared by 51.4 percent year-on-year to reach 39.34 billion yuan ($5.16 billion) in the first half of 2011, boosted by the construction of new oilfields and projects amid high oil prices.
Lenovo will open more than 1,200 new stores in smaller Chinese cities, placing it in competition with international giants including Dell and Apple.
Debt issues will be a more regular option for China Life Insurance Co Ltd, the world's largest life insurer by market capitalization, to restore its claims paying ability amid a declining performance, a top executive of the company said on Wednesday.
United Parcel Service (UPS), the world's largest package delivery company, will open a new branch in Zhengzhou, the capital of central China's Henan province, according to a memorandum of understanding (MOU) signed with the local government.
China Power Investment Corp (CPIC) will invest more than $11 billion in its power, coal and coal chemistry sectors in the Xinjiang Uygur autonomous region over the next five years.
Bank of China Ltd, one of China's four major state-owned banks, announced Wednesday that its net profit jumped 27.86 percent year-on-year to 66.51 billion yuan ($10.39 billion) in the first half of 2011.
The popular hotpot chain Haidilao admitted to using concentrated hotpot soup and beverages.
A former operation manager of Gucci (China) Trading Ltd has filed for overtime payment worth hundreds of thousands of yuan.
Chinese social-networking site Renren said it has signed an agreement with Microsoft's joint venture instant messaging firm, MSN, to cooperate in areas of instant messaging and social networking.
China COSCO Holdings does not have a cash flow problem and renegotiations with shipowners over outstanding bills are going well, company officials said on Wednesday.
The China-made Sanya-branded motorcycles have officially entered Cambodian market on Wednesday to compete in the country's crowded motorcycle market.
Two major food companies said that they are facing mounting pressure from rising raw material prices which are eroding profits.
