Shanghai-listed Shanghai Great Wisdom Co Ltd, an Internet financial information and technology service provider, said it plans to purchase 100 percent of the equity of Xiangcai Securities Co Ltd, a stock brokerage listed in China's over-the-counter market for growth enterprises.
The wholesale price of natural gas for industrial users will rise 20 percent on Sept 1, signaling that China is accelerating market-oriented pricing reform despite a slowing economy.
China will give unconventional natural gas pricing rights to producers and downstream users, which will boost exploration and production, the country's economy planner said on Tuesday.
Two subsidiaries of China's top telecom carriers are joining a Google Inc-led project to build a new trans-Pacific submarine fiber optic cable system connecting Asia and North America, the companies said on Tuesday.
China's dependency on foreign crude will continue to increase this year despite the ongoing strife in major oil-producing nations like Iraq, a leading industry think tank said on Tuesday.
As the nation's automobile ownership expands, there simply aren't enough places to put those vehicles, reports Gao Changxin in Shanghai.
Contrary to popular belief, it is the eastern metropolises in China that seem to be increasingly reliant on real estate investment, a new study released on Tuesday said.
Loosening of home purchase rules in several Chinese cities has had a limited impact on the fortunes of the real estate sector, as the measures have failed to ensure sustained growth in property sales, amid record oversupply and tight credit conditions, experts said on Tuesday.
Chinese company to invest $900m in premier Australia beachfront project By Wang Zhuoqiong
Apple Inc's suppliers have started making new iPads, according to people with knowledge of the matter, as the company works to reinvigorate sales of the tablet computers after two straight losing quarters.
Garuda Indonesia handpicked new Chinese flight attendants for its crew in Shanghai on Aug 12.
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