What's news

Launch date for Xbox One in China: Sept 29

Commission: Economic growth driven by energy efficiency

China has the potential to become a global leader in energy-efficiency technology by 2030 if bold steps are taken now, according to the Global Commission on the Economy and Climate.

Solar industry powers up sales

Trade penalties in US, Europe offset by drive for on-site PV installations

COSCO shifts to fuel-efficient, smaller vessels

China Cosco Holdings Co, the container shipping line that posted three annual operating losses, said adding more fuel-efficient vessels will help cut costs enough to revive profits amid a capacity glut.

Sichuan sees green shoots of growth

Farmers' incomes rise as Foundation brings new techniques to industry

Alibaba founder is 'Asia Game Changer of Year'

Jack Ma, whose Alibaba Group Holding Ltd set a record last week with its initial public offering, was named "Asia Game Changer of the Year" by the Asia Society for his company and philanthropic vision.

Wellcome changes tack

The Wellcome Trust, the world's second-biggest medical charity and an early backer of Alibaba Group Holding Ltd, is nearing a sale of about $300 million in venture-capital fund stakes to Lexington Partners Inc, according to a person with knowledge of the matter.

IN BRIEF (Page 18)

Foreign phones set to 'disconnect'

China's growing security concerns over overseas-made smartphones will translate into business opportunity for local vendors, analysts said on Monday.

Ex-head of shoe firm denies theft

The former chief executive of embattled Germany-listed Chinese shoe manufacturer Ultrasonic AG has resurfaced in China to deny absconding with millions of dollars of company money, telling local media he had been traveling and lost his phone.

UnionPay International builds global web of services

As more Chinese customers venture abroad, the bank card's network expands, reports Wu Yiyao in Shanghai.

Expert says impasse on WTO must be broken

China will suffer substantially if the global multilateral trade negotiation mechanism collapses, a senior official of the World Trade Organization said recently.