The China Banking Regulatory Commission is strengthening its efforts to oversee joint-guarantee loans for fear risk will be transmitted from one company to another if the Chinese economy keeps slowing down, Reuters reported.
Johnson & Johnson Inc and Bausch & Lomb Inc were among several contact lens and eyeglass manufacturers fined a total of 19.6 million yuan ($3.1 million) for price fixing. It's the latest antitrust investigation by China's top economic planner.
Chinese server maker Inspur Group Ltd began a campaign to lure customers from International Business Machines Corp as the government studies whether domestic banks' reliance on IBM technology threatens national security.
China has to make sure information technology is not used to undermine the country's economic development, the chief of an industry regulatory body said on Thursday.
Gao'an, a city neighboring Nanchang, the capital of East China's Jiangxi province, is on the lookout for investors.
China Resources Enterprise Ltd, China's largest retailer by market share, announced on Thursday that the joint venture agreement it signed last year with Britain's biggest supermarket chain, Tesco Plc, has been approved by the Chinese government.
E-commerce in pharmaceuticals will accelerate soon and become an important distribution channel for the sector as it develops, experts said.
China's industrial profit gains in April slowed, dragged down by a slump in the electronics, power and wine industries. Analysts said this was in line with other weak April data, but they were more optimistic about May's data.
Consumer demand for vehicles in the next few months will be weaker than at the beginning of this year, according to the 2014 China Auto and Auto Parts report released on Wednesday by UBS Securities Co Ltd.
Economists predict home purchase restrictions will be eased as the government seeks to boost growth, Hu Yuanyuan reports
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