Shaanxi Automobile Holding Group, the largest truck manufacturer in northwestern China, plans to build more spare-parts warehouses, assembly lines and service centers in Russia and Central Asian countries in the next three years to keep pace with more established competitors in the region.
China will launch more fiscal support policies for the new-energy vehicle industry from 2016 to 2020, according to a notice the State Council (cabinet) released on Monday.
China's top economic planning agency announced on Monday reductions in the retail prices of gasoline by 245 yuan ($39.46) a metric ton and diesel by 235 yuan, effective Tuesday-the largest cuts so far this year.
China's railway track should total more than 200,000 kilometers by 2030, in line with the nation's economic goals, and at least 10 percent of it will be for high-speed rail, the former chairman of China's largest rolling stock producer told China Daily.
A weaker yuan crushed the first-half net profits of China's three largest airlines, statements from the carriers show.
The first time the bandits came, Si Su's wife was home alone. She locked herself in the house and managed to scare them off with a warning shot through the front door.
Medical tourism, once the exclusive preserve of the rich, is growing and changing as hospitals and clinics offer far-flung patients advantages hard to come by at home - whether it be high-tech therapy, less-expensive care or alternative treatments.
Among 70 major cities in China, 55 recorded month-on-month price declines for new homes last month, up from 35 in May, the National Bureau of Statistics said in a statement on Friday.
China's biggest cities recorded slower economic expansion in the first half, but many municipal officials are sounding a confident note, saying that structural changes are laying a solid foundation for future growth.
Microsoft Corp's biggest reduction in company history could cost China more than 1,000 jobs, analysts warned on Friday.
Prices of gold are set to surge in the short term, amid heightened concerns over geopolitical stability, following the downing of a Malaysian airliner on Thursday, analysts said on Friday, adding that crude prices may see further fluctuations.
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Raymond Zhou
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