Chinese drug companies have been given the opportunity to capture the erectile dysfunction medication market as Pfizer Inc is about to lose its Chinese patent for sildenafi citratel, sold as Viagra.
Calling General Electric Co the "coolest" company in the world, Jeffrey Immelt, chief executive officer of the United States-based technology and industrial manufacturing giant, said he won't set any limits on what the company can do in China.
The International Monetary Fund issued a warning on Thursday about an "unsustainable" housing boom.
Chinese solar panel makers have denied charges that they are in "massive violation" of a settlement between China and the European Union that ended a bitter trade feud between the two sides last year. In a statement issued on Thursday, the Chinese companies said that they are being targeted unfairly and the accusations made by the key European lobby are "baseless and smack of trade friction."
Alibaba Group Holding Ltd inked a strategic cooperation agreement with the State-owned China Post Group on Thursday, a move that is expected to boost the e-commerce giant's presence in lower-tier cities.
Ningbo, a port city in East China's Zhejiang province, inked on Thursday a 502 million euro ($679 million) deal with multiple Italian companies to build an industrial park. The initiative will help both sides expand business ties with each other, government sources said.
Policymakers in China stepped on the fiscal accelerator in May as they moved to stimulate the economy through more government spending.
China Mobile Corp's fourth-generation telecom network has accumulated 6.5 million users since its launch six months ago, company executives said on Wednesday.
Airlines from both countries are cashing in as the world's top two economies become increasingly linked, reports Wang Wen
New Boeings offer carrier competitive advantages in the North American market with more routes
Hopes for inbound liquidity wave dashed by firm's announcement
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Raymond Zhou
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Chen Weihua
