The International Monetary Fund said on Friday that China should set an economic growth target of 6.5 percent to 7 percent for 2015. Chinese economists said the IMF's prediction sounds too "pessimistic" and most think a growth rate above 7 percent would be reasonable for next year.
The recent strong performance of the A-share market along with the falling returns of certain online fund products may affect some people's wealth management plans, analysts said.
The government on Friday approved a revamp of the ownership structure of China Everbright Group as the country deepens the reform of State-owned enterprises.
US-based fast food giant McDonald's Holdings Co has increased sourcing from food suppliers in China to satisfy the demand for meat by its 2,000 restaurants in the country.
Easing of many cities' purchase curbs fails to halt ongoing decline in market
The worry of overseas technology companies that the State-owned enterprises may favor local vendors is gradually becoming a reality after a number of US IT firms were subject to monopoly investigations or security criticisms in China.
Falls in the prices of iron ore and coal helped Chinese steelmakers to gain better profits for the first half even though the domestic industry still faces a serious overcapacity problem, experts said on Friday.
China's steel industry had 12 trade friction cases in the first half of 2014 involving 2 million metric tons of products, which will affect the country's exports for the whole year, said experts on Friday.
Kabam Inc, a producer of games for mobile devices, received a $120 million investment from Alibaba Group Holding Ltd as part of a plan to distribute titles including Lord of the Rings in China.
Dalian Wanda Commercial Properties Co Ltd, China's largest property developer renowned as an ambitious buyer of high-end Western assets, is aiming to become the largest real estate company in the world by 2014, said chairman and founder Wang Jianlin when interviewed by the Cable News Network.
The 25-year-old, who specializes in foreign nursing care, will fly with seven other Chinese nurses to Stuttgart, Germany, to work at a residential care center for the elderly for at least three years.
"When I graduated, I thought I was prepared for any challenges my job might bring. But the reality caught me off guard," said Xie Yanxi, 25, who is set to go to Stuttgart to work in a nursing home.
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