As snail mail bites the dust and sail mail disappears into the sunset, there is something just as old-fashioned to hail: rail.
China signed a long-awaited 30-year deal last month to buy Russian natural gas worth about $400 billion, according to news reports. There has been a lot of debate about the agreed price, possibly because the pricing issue was the main reason for the long negotiations.
People in China often lament that far fewer Chinese professionals are likely to end up becoming leading executives in multinational corporations than those from India.
The economy improved marginally in May, but analysts said the recovery remains patchy, with continued weakness in the property sector representing the largest uncertainty.
The China Securities Regulatory Commission said on Friday that it is planning unified regulatory rules for the asset management sector as part of its efforts to foster a good business environment and spur innovation.
China on Friday unveiled the blueprint for consolidation of its fragmented infant formula industry and indicated that the sector would have 10 manufacturers with annual sales revenue of more than 2 billion yuan ($160 million) by 2015.
New Zealand's Fonterra Co-operative Group Ltd, the world's largest dairy exporter, plans to build four to six farming hubs in China by 2020 that will produce 1 billion liters of milk to meet rising demand for dairy products.
Box office spending in China is set to nearly double from $3.13 billion in 2013 to $5.9 billion by 2018, said a new report published by global consultancy firm PricewaterhouseCoopers.
The correction in China's real estate sector remains under control and its impact on the overall economy is bearable, an official of the country's top think tank said on Friday.
A growing number of domestic and overseas lighting manufacturers are turning to smart solutions like light-emitting diode products to sustain growth in China's rapidly growing lighting market, the top executive of a global lighting major said.
Bribery and corruption remain widespread in many countries around the world and Chinese enterprises' compliance risks are still high amid growing competition and slower economic growth, a new report published by global consultancy firm Ernst & Young said.
German car-parts maker Kiekert AG has emerged as one of the crown jewels in overseas acquisitions by Chinese companies after reporting solid growth and continuous profitability for two years in a row, a top company official said on Friday.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
