Hebei Iron and Steel Group Co Ltd has taken a controlling stake in Switzerland-based Duferco International Trading Holding to help expand its presence in the global markets.
Home prices in most Chinese cities continued to drop in October despite easing government restrictions on the market.
Africa continues to be the beacon for China's outbound investment, with companies committing to cumulative investments of about $150.4 billion in the Sub-Saharan region from 2006 to July 2014.
President's crackdown on government corruption, which began almost two years ago, has had a profound impact in China. Luxury goods sales have suffered, officials now shun lavish banquets, and gambling revenues at casinos in Macao have been sinking.
Chinese people consumed more than 1.86 billion bottles of wine, 1.36 times the amount it consumed five years ago, and their tastes have been growing more sophisticated.
Online banking transactions in China hit $63 trillion in Q2 this year, a 27.8 percent jump compared with the same period last year, according to China market intelligence group Enfodesk.com.
Despite the A-share buying reaching the program's daily limit of $2.1 billion, the benchmark Shanghai Composite Index and Hang Seng Index closed lower.
China will promote travel to countries along the Silk Road in 2015, according to the latest decision by the China National Tourism Administration (CNTA).
As new loans were lower than expected, the pressure for monetary policy easing has increased significantly, said Bob Liu, analyst at the China International Capital Corp.
The debut of the Shanghai-Hong Kong Stock Connect program will give global investors unprecedented access to shares on the Chinese mainland and put new trading systems to the test.
China will soon put its first domestically developed electric aircraft into mass production, and designers expect a huge market at home and abroad for the versatile, eco-friendly 2-seat RX1E.
Premier Li Keqiang's first public forecast for the Chinese economy in 2015 has offered little hope for a big stimulus, nor dramatic changes of macroeconomic policies.
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