A five-country treaty to be signed to provide $50billion in initial capitablization for the new lender
Tencent aims to monetize app's huge user base via e-commerce
Eastern Pioneer Driving School Co Ltd, one of the largest driving schools in Beijing, is set to become the first listed driving school in China if its initial public offering initiative is approved.
The national film market grossed more than 10.7 billion yuan ($1.7 billion) in revenue by the end of May, surpassing the 10.2 billion yuan generated in all of 2010, according to a report by EntGroup Consulting, the Beijing-based entertainment industry consultant.
German lighting company Osram GmBH is banking on China's growing demand for energy-efficient light-emitting diode products to provide the much-needed impetus for its growth in the country, a top company official said.
China has overtaken Japan as the largest buyer of industrial robots, according to a trade report.
The price of gold slid 3.8 percent in May, the biggest monthly loss so far this year, as hedging demand contracted amid stabilizing global economic conditions.
Housing prices will remain under pressure for the foreseeable future, and the government isn't expected to take any steps to boost the market, industry analysts said.
Taking the road less traveled can not only lead to profits but also help build sustainable relationships, as Shandong Shantui Construction Machinery Import & Export Co Ltd, a Chinese producer specializing in heavy equipment, has discovered in South Africa.
Beijing's anti-corruption effort helped the traditional Dragon Boat Festival this year come back to its roots, with prices of such traditional festival food as zongzi - glutinous rice dumplings wrapped in reed leaves - returning to a more affordable level.
Chinese publishers, like their American peers, have suffered from the tech revolution. Almost half of US readers under the age of 30 read an e-book in the past 12 months. In recent years, China has tried to capture the American publishing market.
After spending the past decade and more than $200 billion acquiring mines and oilfields from Australia to Argentina, China's attention is turning to food.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
