Xuzhou Construction Machinery Group (XCMG), the country's largest manufacturer of heavy construction machinery, plans to make an initial investment of 500 million yuan to diversify into wind turbine production at a time when crude oil price is going through the roof.
HONG KONG: State-owned financial conglomerate CITIC Group will pay lower than expected to privatize its Hong Kong-listed arm CITIC International Financial Holdings (CIFH) and will finally inject it into mainland-based China CITIC Bank.
The latest 1 percentage point rise of the bank reserve requirement ratio to 17.5 percent could further squeeze commercial banks' earnings potential as many are not moving quickly enough to diversify their income sources, analysts say.
China Eastern Airlines is facing yet another challenge in the lucrative travel market in Yunnan province after the industry watchdog suspended its routes and reduced its flight frequencies last month.
One of the oldest and most well-known names in Beijing's retail sector is about to disappear as Lotte, the South Korean conglomerate, completes its 1.28 billion yuan takeover of CTA Makro.
Faced with the most devastating earthquake since 1949, the staff members of China National Chemical Corporation (ChemChina) have earned respect and praise for their courage, fortitude and efficiency in rescue and relief work.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
