Ling Peixue, general manager of Lushang Group, is different from most of the other businessmen one would chance upon in Shandong province. Armed with sharp market intellect and a green agenda, Ling said that the spirits, embodied in the mountain and water, have propelled his enterprise to greater heights.
Ling Peixue likes to be called more of a scholar and less of an entrepreneur. In addition to being the general manager of Lushang Group, the 51-year-old Ling is also deputy director of the Biochemistry and Biotechnology Pharmaceutical Committee affiliated to the Chinese Pharmaceutical Association, professor and doctoral adviser at Shandong University, as well as a member of the editorial board of Chinese Pharmaceutical Magazine.
China's National Energy Administration and the US Department of Energy inked an agreement on Thursday that will see the two sides work together to bolster China's strategic crude reserves.
The government's latest policy to support alternative-fuel vehicles - a waiver of the 10 percent purchase tax - will do much to accelerate individual adoption of those cars, said analysts.
China could learn from the United Kingdom and establish a green investment bank to back the development of its energy conservation and environmental protection industries, economists said.
Global alternative asset manager Blackstone Group LP likes commercial and industrial real estate in China and regards residential property as less interesting, its chairman and CEO told China Daily on Thursday.
Last month, it was the purchase of a historic landmark building in Madrid; now it is waterfront property in Chicago. As part of a recent property-buying spree, Beijing-based Dalian Wanda Group Corp said it is acquiring a 90 percent stake in a project for high-end residential, commercial and hotel units in what its chairman says is the first of several planned moves in the United States.
JPMorgan Chase & Co, the biggest US bank, hired UBS AG's former China Chairman David Li to lead the Wall Street firm's operations in the Asian nation.
Online direct sales companies face a bumpy road in transforming themselves into e-commerce platforms after a third-party merchant was caught selling fake lubricants on the site of China's second-largest e-commerce company.
Factory-gate prices fell in June at their slowest pace in more than two years and inflationary pressure eased further, giving new indications that economic growth is stabilizing in China.
China seems ready to embrace the age of the robot, with exhibitors attending the three-day China International Robot Show, which started on Wednesday in Shanghai, expressing confidence in a thriving Chinese robotics industry.
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