Direct investment from Japan and the United States in China plunged between January and October of this year, which the government said highlighted the country's transition from a low-profit to a high-end manufacturing economy, and ongoing levels of overcapacity.
One thing that Wang Yuanpo must do before he fires up the paint shop every day is to help his 13 spray robots wear fabric sleeves to keep the dust away. It is one of the innovations at the Infinite's Xiangyang plant, Hubei province, to ensure the locally produced Infiniti Q50L model meets the same high specs as the imported Q50.
The Xiangyang plant in Hubei province shoulders the production mission for the Q50L, Infiniti's first China-made long-wheelbase sports luxury sedan.
Hebei Iron and Steel Group Co Ltd has taken a controlling stake in Switzerland-based Duferco International Trading Holding, a move that will help China's largest steel producer expand its presence in the global markets.
General Electric Co Ltd signed agreements with two Chinese companies on Tuesday in natural gas and coal sectors, part of an effort to help China develop clean energy.
New York-based Thor Partners LP is setting up a platform with a partner in China to help Chinese small and medium-sized companies list in the United States, according to executives of both firms.
The HNA Group, parent company of Chinese carrier Hainan Airlines, on Tuesday acquired an additional 8.3 percent equity stake in Spanish hotel management company NH Hotel Group from Intesa San Paolo, an Italian bank.
Homestays at farms have been popular getaways for many Chinese urban dwellers in recent years, yet the garbage and waste water they produce have posed mounting environmental challenges.
Though corporate social responsibility was essentially a concept developed in the West, it has found widespread acceptance in China with a growing number of companies and professionals embracing it whole-heartedly, according to a report published by the American Chamber of Commerce in Shanghai earlier this month.
To tackle the damage of pesticide wastewater generated by farming, Bayer CropScience AG, the agricultural subgroup of Germany's Bayer AG, will set up more agricultural solution centers to promote water treatment chemical products in China over the next three years.
Gao Yongqing was born into an ordinary family in rural Shanxi province and as a teenager he left his hometown to go to a vocational school.
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