The economic downturn is taking a heavy toll on the country's already lackluster real estate market, Hu Yuanyuan reports
United States-based Tesla Motors Inc delivered the first eight of its Model S cars to Chinese customers in Beijing on Tuesday as it pledged to invest "hundreds of millions of dollars" on charging facilities and "hundreds of service centers" in China.
Lenovo Group Ltd has set a goal of 100 million smartphone and tablet sales in its new fiscal year, a company executive said on Tuesday.
Pricing remains an issue, but negotiations expected to be completed soon
China may allow local governments to sell municipal bonds under narrow parameters in a move to regulate their borrowing and reduce systemic risk.
Tesla Motors Inc hopes to launch a nationwide charging and service network for its electric vehicles by as early as 2015, CEO Elon Musk said in Beijing on Monday.
Machinery producer advocates long-term view for companies on the continent, Li Lianxing reports from Johannesburg
China strengthened efforts to prevent and crack down on illegal fundraising creeping into sectors such as peer-to-peer lending and crowdfunding, Liu Zhangjun, an official at the China Banking Regulatory Commission, said.
Once again, China's local governments are reportedly tilting toward investment-driven programs to avert an economic slowdown.
Ultra-luxury vehicle producers, especially makers of super sports cars, saw Chinese sales fall in 2013, down from a two-year boom and partly attributed to the central government's ban on conspicuous consumption.
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