China National Petroleum Corp started drilling its most recent natural gas discovery in Sichuan province on Friday, a project that will help ensure the country's energy supply.
The National Development and Reform Commission, China's top economic planner, issued guidelines on Friday that establish a three-tier pricing system for urban residential natural gas consumers.
China and the European Union ended an anti-dumping and anti-subsidy investigation into EU wine exports ahead of Chinese President Xi Jinping's visit to Europe, the Ministry of Commerce said on Friday.
The China Securities Regulatory Commission released on Friday rules for a pilot program allowing companies to issue preferred shares. It opens the way to raise funds and establish a multi-level capital market.
Chinese equities rallied on Friday, sending the benchmark Shanghai Composite Index to its biggest gain in four months, amid speculation the government will ease funding restrictions for developers and lenders.
The People's Bank of China, the central bank, is exploring possible Internet financing regulation with executives of some Internet finance companies and people in relevant fields this week, a person involved in the meetings told China Daily.
Tencent Holdings Ltd, China's largest publicly traded Internet company by market capitalization has integrated a payment function into its mobile QQ, a dominant messaging application.
Zhenhua Heavy Industries, also known as ZPMC, the world's biggest port machinery manufacturer, completed its first rig on Friday. It is the most advanced self-developed offshore drilling platform in the nation.
China is making headway on a decade-long program to create giant mining groups so it can play a bigger role in negotiating iron ore prices with more established rivals in the world.
China aims to give its service outsourcing industry a boost, and policies that will attract top talent and help the sector expand could be rolled out this year, Qu Lingnian, president of the Beijing Association of Sourcing Services, said on Friday.
China and the European Union announced on Thursday they have settled a trade dispute over polysilicon products just ahead of President Xi Jinping's four-nation trip to Europe.
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