Local firms also becoming targets of investigations
Germany-based automaker Volkswagen AG's premium brand Audi said in a statement on its website on Monday that the company's executives acknowledged its "antitrust" activities on Friday to the Bureau of Price Supervision and Anti-Monopoly under the National Development and Reform Commission.
Yu Yongfu has his eyes on a billion users, and overseas ventures are vital to realize that goal, Meng Jing reports.
On Aug 4 in the early afternoon, 10 men in suits and casual business clothes barged into a busy office at Mercedes-Benz's East China sales office, near Shanghai's Hongqiao international airport.
Deutsche Bank AG is suing former employee Lee Zhang for $6.3 million over the transfer of funds to a bank account in Shenzhen in 2001, according to Hong Kong court documents.
When Owen Sloggett learnt how to make dumplings in Beijing last month the 13-year old made sure he did not miss any detail.
Project in south of the embattled country secure for now, experts say
The country's railway operator, China Railway Corp, has asked German machinery manufacturer Voith GmbH to stop providing gearboxes to Chinese trainmakers for safety reasons, China Business News reported on Monday.
China will allow railway firms to generate more income from land development and from building new transport hubs, the government said on Monday, in the latest move to step up financing support for the debt-laden sector.
Seven domestic rare earth companies have formed an industrial alliance to sue Japan's Hitachi Metals for its patent monopoly in the United States.
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