The head of the China Iron and Steel Association has warned that China's steel makers must evolve if they want to avoid more tough times for the industry.
General Motors Corp has charted ambitious plans for its luxury brand Cadillac in China, believing the premium segment will provide strong growth momentum in the longer term.
China's nuclear technology is fully equipped to compete against the West in bidding for international projects, a senior official at the China National Nuclear Corp says.
Asian countries and regions accounted for 89.5% of Chinese overseas travel destinations, followed by 3.5% to Europe, 3% to Africa, 2.7% to the Americas, and 1.1% to Oceania.
Xiabuxiabu is seeking to raise about HK$1 billion on the Hong Kong stock exchange by offering 227.1 million shares for sale to the public at between HK$4.4 and HK$5 apiece.
CGN Power Co, China's largest nuclear power generator, is set to raise about $3.2 billion in Hong Kong's biggest initial public offering in two years.
Xiaomi Corp, the privately owned Chinese electronics company, and other Chinese firms have joined in a $40 million investment in the United States technology startup Misfit.
The founders of Alibaba and Tencent were among a consortium of investors who purchased stakes in Ping An Insurance in a HK$36.5 billion deal.
Dalian Wanda Group Co, which controls the second-biggest United States cinema chain, is in talks to acquire a stake in film studio Lions Gate Entertainment Corp.
A Chinese-led consortium plans to retender for Mexico's $3.75 billion high-speed rail project, after the nation abruptly cancelled its earlier win.
Following the announcement that China's two largest train manufacturers will merge, the government is now considering another combination in the nuclear power sector.
Though highly educated with big incomes, Chinese luxury car owners are surprisingly young. The average age of high-end vehicle owners is just 33.5 years.
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Raymond Zhou
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