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China Sunergy Co Ltd cut its full-year shipment outlook, prompted by lower shipments and selling prices in the second quarter, and the solar cell and module maker said it expects a further drop in the prices in the rest of the year.
Macao casino operator MGM China Holdings Ltd posted a 380 percent gain in net profit for the first six months of this year, bolstered by surging revenue in the world's largest gaming destination.
Leading private Chinese automaker Chery will set up a joint venture (JV) with China-Africa Development Fund to further explore the car market in Africa, according to an agreement signed Friday in Hefei city, the capital of Anhui province.
The Bank of China said Friday it signed a strategic agreement with the Hangzhou Wahaha Group, the country's leading food and beverage maker, on Thursday.
Officials of the China Railway Company on Thursday met with Guinean President Alpha Conde to finalize a contract aimed at building 400 low-cost housing in the capital Conakry.
Esprit Holdings Ltd, the biggest Hong Kong-listed clothier, is exploring the sale of its US and Canadian operations, according to people familiar with the matter.
Warren Buffett's support for BYD Co is proving no solace for investors, as analysts rate the Chinese automaker the lowest among global peers.
Seeing good momentum in the global healthcare sector, Royal Philips Electronics NV is planning to expand its healthcare business in China's rural areas, a market which is seen as a new driver of growth for the Dutch multinational group.
ABB Group, the leading power and automation technology group, inaugurated a global manufacturing base in Shanghai on Thursday.
Chery Automobile Co, China's biggest auto exporter, may see "insignificant" profit margins for the next decade in Brazil, where the company is attempting to triple its market share by 2015, said Luis Curi, the chief executive officer of the Brazilian unit.
Germany-based Henkel AG began construction of the world's largest adhesives plant on Friday. The facility, situated in Shanghai, will further consolidate the company's leading market position in China, said experts.
A gold-encrusted bottle of Wuliangye liquor is being sold 298,000 yuan ($46,600) ,National Business Daily reported.
