Chengdu is set to become a biomedicine center in western China now that international developers are recognizing the city's growing appeal to international players.
Germany-based auto conglomerate Volkswagen AG may take a larger stake in its Chinese joint venture with local partner FAW Group Corp, the head of VW in China said.
Calling it a "great transaction" for shareholders, United States farmers and agriculture, Smithfield Foods Inc Chief Executive Officer Larry Pope announced that shareholders had approved the pork giant's acquisition by Shuanghui International Holdings Ltd, the biggest Chinese takeover ever of a US company.
Industry experts suggested that China should establish a separate and independent company to operate the oil wholesale business and manage the supply to retailers, to break up the de facto monopoly of the three State-owned large oil companies, especially the two onshore oil giants.
The central government's move to fight corruption in the oil and gas industry will accelerate the reform of China's energy sector and improve the corporate management of State-owned enterprises, experts said.
Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use.
A 70,000-square-kilometer economic zone in Jilin province is set to become a new powerhouse in Northeast China, said local officials.
Jilin is about to cause a sensation in Mongolia as a weeklong cultural event featuring the province kicked off in Ulan Bator on Sept 23.
Cross-border tourism in the Changchun-Jilin-Tumen River area is becoming a new driving force in Jilin province, said local officials.
A large expo held annually in Changchun has facilitated further economic integration among Northeast Asian countries, said officials.
Stock markets in China have had a reasonably good performance in recent weeks thanks to somewhat positive economic data that suggests a change from the slowdown in growth that has characterized the economy over the last three-and-a-half years.
China should be more assertive in its global role, says think-tank founder
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Raymond Zhou
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Chen Weihua
