Watch out Zhongguancun, here comes Zhangjiagang.
Despite recent bribery scandals involving several European companies, China is still one of the top candidates for outbound investment from French companies, the top official of a leading industry organization says.
British amusement venue operator Merlin Entertainments Group is strengthening its foothold in the Chinese market, with the opening of a new Madame Tussauds in Wuhan this October.
"To get rich is glorious" and "Let some people get rich first", China's late leader Deng Xiaoping said 35 years ago when the country began to abandon its planned economy and adopt market-oriented reform and opening up.
It has been a rocky few months for Asia, as decelerating growth has mixed unpleasantly with fears about the end of cheap global credit. During the first half of 2013, the region's economies underperformed relative to the International Monetary Fund's April projections, owing to tepid demand from advanced economies, a slowdown in China, as well as some softening in domestic demand.
The nation's third-largest lender, Agricultural Bank of China Ltd, will sell nonperforming assets valued at 10 billion yuan ($1.6 billion), the bank said on a briefing on Thursday.
The Coca-Cola Co inaugurated its 43rd plant in Shijiazhuang, Hebei province, as part of a three-year $4 billion investment plan.
CNOOC Ltd, China's biggest offshore oil and gas driller, reported on Thursday flat output in the third quarter, as production on its existing fields dropped.
The launch of the China (Shanghai) Pilot Free Trade Zone will bring improved logistics and better business opportunities to regions like Yiwu, Zhejiang province, home to the world's largest trading market for small commodities.
Small and medium-sized enterprises in the region of the China (Shanghai) Pilot Free Trade Zone aim to move up the value ladder by taking advantage of new policies and facilities in the pioneer area.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
