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With the growth of the national economy and the continuous development of Chinese enterprises, more middle- and high-level professionals in China now prefer to work for domestic companies rather than foreign-owned enterprises.
Very few billionaires don't play golf. David M. Rubenstein, The Carlyle Group's co-founder and managing director, however, is one of the very few.
Shanghai Jahwa United Co Ltd on Wednesday rebuffed media reports that it could be acquired by the French luxury brand LVMH Group, reiterating the line that the State-owned cosmetics manufacturers will keep its domestic tag in its planned share sale.
A chemical company in East China's Zhejiang province is being investigated on the suspicion that it discharged waste that polluted a local river and disrupted tap water supplies.
China is likely to see a new wave of Japanese companies transferring their domestic production lines to the country, as a result of the devastating earthquake and tsunami in March.
Nanning Baling Technology Co has become the first company in the 20-year history of the Chinese stock market to scrap its initial public offering after the formal launch after failing to draw sufficient interest from institutional investors,the Shanghai Securities News reported.
Exaggerated advertising claims for high-end properties targeting the super rich in China have come under widespread criticism for encouraging people to flaunt their wealth and for deliberately using misleading language.
China's Vanke, the country's largest developer by sales, said its May property sales jumped 76.4 percent from a year earlier to 9 billion yuan ($1.4 billion), rebounding from a slump the previous month.
Engineering companies ABB Ltd and Schneider Electric are among second-round bidders for a private equity-owned China cleantech asset that could fetch as much as $700 million, three sources with direct knowledge of the matter said.
A major drug maker in Northeast China stands accused of seriously polluting its environs and of violating regulations that set limits on discharges of pollutants, CCTV, the State broadcaster, reported on Sunday.
Australian billionaire Clive Palmer's much-touted ties with China weren't enough to persuade investors in Hong Kong to put up $3.6 billion for shares in his unprofitable iron ore and coal company Resourcehouse Ltd.
Jushi Group Co Ltd, the world's largest manufacturer of fiberglass by output, plans to establish its first overseas production base in North Africa in the second half of this year.
