Ministry: Emerging risks require investors to make better preparations
China's trade surplus surged to a monthly record high in July as export growth unexpectedly accelerated and imports fell, suggesting the recoveries in the United States and Europe will help sustain expansion in the world's second-largest economy.
Fifteen trucks loaded with goods crossed the China-Russia border at Suifenhe-Pogranichnyy Port on Friday without having to undergo a second customs inspection after an agreement on customs procedures was officially launched between the two countries.
Unlike the United States, China will not use quantitative easing to stimulate the economy but will target financial support to weak links of economic development, said Ma Jun, chief economist of the People's Bank of China.
A robust global equity market in 2013 led to smooth sailing for China's sovereign wealth fund China Investment Corp, but the $653 billion fund said it expects headwinds this year.
Japanese manufacturers' performance weakens due to lack of new models
Bayerische Motoren Werke AG joined Daimler AG's Mercedes-Benz and Volkswagen AG's Audi in reducing prices of spare parts in China amid an antitrust investigation into the vehicle industry.
China National Offshore Oil Corp, the country's largest offshore oil explorer, announced on Friday it has completed the construction of its 17th floating production, storage and offloading unit valued at 2.7 billion yuan ($440 million).
After snapping up high-end property in Madrid and allocating nearly $1 billion to build a luxury hotel in Chicago earlier this year, Dalian Wanda Group Co Ltd has unveiled a plan to invest $1.2 billion to build a mixed-use development in Los Angeles that will help it make inroads into Hollywood.
China Petroleum and Chemical Corp, also known as Sinopec, will start selling glacier water at its 23,000 Easy Joy convenience stores, cooperating with a Tibetan company in an attempt to introduce further mixed-ownership reform.
The World Trade Organization's rejection of China's appeal concerning restrictions on exports of rare earths will foster a healthier and more market-oriented industry, because it will stimulate competitiveness and inspire innovation when companies are no longer restricted by the export quota system, said industry leaders.
When Xie Weiying noticed her father losing his memory and suffering from similar lapses in his judgment and language ability, she thought it was just a sign of his old age.
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