Chinese equities retreated on Tuesday, dragging the benchmark index down the most in a month. The decline was led by heavyweights, including banks and oil companies, just a day ahead of the scheduled restart of new share issuances after a four-month hiatus.
The government of Guangzhou is planning to strengthen economic and cultural ties with cities and countries on the so-called maritime Silk Road.
Legislators in Guangzhou are drafting laws to protect ruins and relics relating to the maritime Silk Road as the city government prepares to apply to UNESCO for world cultural heritage status for the ancient trade route.
China Merchants Bank Co and Industrial Bank Co Ltd announced on Monday in separate statements to the Shanghai Stock Exchange that they had received approval from the central bank for a 50 basis point reduction in their required reserve ratios.
Smaller cities will spearhead the next phase of retail development in China and the sector will continue to provide huge growth opportunities for companies, global management consulting firm A. T. Kearney said in a report released on Monday.
Localizing solves many problems for China Railway International joint venture in South Africa, report Xing Zhigang and Li Jiabao from Johannesburg
Energy cooperation and infrastructure construction will be new engines for cooperation among China and Eurasian countries, driven by China's Silk Road economic belt initiative, said experts.
More monetary policy easing needed to maintain government's economic growth target, say experts
Legend Holdings Ltd, the major shareholder in the world's biggest personal computer maker Lenovo Group Ltd, announced it will enter China's healthcare market as it signed an agreement with iByer Dental Group on Monday.
UBS AG, Switzerland's biggest bank, is planning to expand its Chinese property investment business with a move into commercial real estate.
France-based Airbus SAS plans to make more direct aircraft deliveries to Asian carriers from Tianjin, a top company official said recently.
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