Fair exhibitors report successful shift to domestic business

A growing number of Chinese exporters attending the 113th Canton Fair - the annual barometer of China's foreign trade, which finished on Sunday in Guangzhou, the capital of Guangdong province - report they are successfully shifting their traditional export-focused businesses to chasing sales at home.

Buyers lured by local goods

Chinese customers are no longer swayed by the lure of foreign brands and would instead prefer to buy more brands that are made in China, a survey said.

Buffett buys into Heinz

Warren Buffett said his Berkshire Hathaway Inc was willing to invest $12.1 billion alongside 3G Capital in a deal for HJ Heinz Co because of his faith in the buyout firm led by Jorge Paulo Lemann.

Market roundup

Hilton hotels heading for roll in China

US hospitality chain embarks on rapid expansion to catch up with global peers

Big players rule the mobile gaming turf

Distribution platforms may see flurry of consolidation, say experts

Looking out for new marts

Mobile gaming developers look to the West, as competition heats up in the East

Tech bytes

Apple losing its sweetness, edge?

Apple Inc's quarterly profit is projected to shrink for the first time in a decade, hurt by new products with lower profit margins and slower growth in iPhone sales.

Zhejiang firm seeks growth

Adding value creatively when others struggle to do business

Government promises more micro flexibility

The most significant latest development was no doubt the Political Bureau's standing committee meeting to review the economy's performance in the first quarter. It took place on April 25, shortly before the May Day holiday. Most people worked for only two days last week.

'China must focus more on soft assets'

Alhough there has been frequent mention about China's growing soft power, it is equally important that it takes steps to harness more soft assets, a top industry official said.