Before the opening ceremony of Max Mara's biggest flagship store in Asia, the chairman of the Italian fashion house, Luigi Maramotti, was being photographed and giving interviews in the stylish building at China Central Place, a premium commercial complex in Beijing.
Years of rising Chinese affluence in major cities have made global luxury players salivate over the prospect of expensive apparels and accessories.
Air China Ltd, the flag carrier of China, will spend 360 million yuan ($58.06 million) to raise each of its pilots' income by 80,000 yuan annually on average, which will benefit 4,560 pilots at its five subsidiaries.
After a loss in the first six months, China Southern Airlines Co, Asia's biggest carrier by passenger numbers, forecast a better second half as economic growth picks up and the yuan's volatility eases, Chairman Si Xianmin said.
Priceline Group Inc, the world's second-largest online travel company by gross bookings based in the US, announced on Thursday it is investing $500 million in Ctrip.com International Ltd.
China is soon expected to become the largest global cruise market, according to the head of the world's largest cruise company.
The coal sector is taking steps to escape the triple trap of falling prices, weak demand and continued losses.
China, the world's biggest carbon emitter, accelerated solar power installations in the first half, adding enough capacity in the period to equal Australia's entire supply of power from sunlight in 2013.
A Chinese-owned nickel mine in Papua New Guinea has resumed production three days after an attack by armed villagers forced work to halt, a Chinese embassy official in the South Pacific country said on Thursday.
China's diesel demand is set to post its first fall in more than a decade this year, sources at the country's oil majors said, as a sputtering economy takes its toll on key industrial sectors.
Rocky path to recovery in US and Europe prompts more investigations, ministry says
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Raymond Zhou
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