The China Banking Association said on Monday that banks' profit growth might further decelerate to 9 percent this year, following a slowdown in the economy that limits loan book expansion.
A Chinese locomotive manufacturer plans to set up a factory in South Africa after landing a series of major train building deals.
China and Russia signed a memorandum of understanding on Monday to deepen cooperation between each other's satellite navigation systems to compete with Europe's Galileo and the United States' Global Positioning System.
The Finance Ministry may scrap the consumption tax on ordinary cosmetics as part of a broader fiscal reform.
The proportion of the current account surplus to gross domestic product in China has been decreasing in recent years and has dropped to a reasonable level that is internationally recognized, the nation's foreign exchange regulator said on Monday.
Retail supermarket chain Post Mart has closed stores in Shandong and Jiangxi provinces and has sublet its stores in Henan province to contractors, as part of the efforts to stem losses from operations in rural China.
China's quarantine authorities have rejected more than 1.2 million metric tons of American corn after detecting an unapproved genetically modified strain in shipments, with buyers shifting to cheaper grain from other markets.
Home sales in Beijing, a city that is regarded as a barometer of China's overall property market, fell to a nine-year low in the first half of the year, raising concerns about the prospects of the country's real estate market.
As an annual congress and accompanying exhibition that focuses on high-quality design, planning and construction, BAU Congress China expects to provide a business, contact and information platform for Chinese industry professionals at the China National Convention Center in Beijing from July 8 to 9.
About 150 companies will make initial public offerings in China this year and their total financing won't exceed 100 billion yuan ($16 billion), which won't have a major influence on the nation's capital market, according to a report published by Ernst & Young Global Ltd on Monday.
Swiss bankers made their strongest pitch yet to their Chinese peers over the weekend for their country to become a hub for offshore yuan trading.
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