When Caterpillar Inc acquired Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co Ltd, a Hong Kong-listed mining machinery, it was considered a huge setback for Chinese heavy machinery makers and the industry in general.
Foreign heavy machinery makers are banking on increased localization to counter growing competition from domestic companies, sluggish demand, and to further expand their presence in China, industry sources said.
The Solar Impulse Second, the world's largest solar-powered plane, will make two stopovers in China during a round-the-world flight in 2015, its builders said on Monday.
The first online exchange in China for electronic components started trading on Monday, recording cumulative transactions of more than 100 million yuan ($16.2 million).
Economists are viewing China's monetary policy in 2015 as the next beacon in directing global capital flows, as the US dollar strengthens and the Japanese yen weakens.
In an age when China's Internet sector is already being dominated by multi-million dollar giants such as e-commerce conglomerate Alibaba Group Holding Ltd, it is becoming increasingly difficult for entrepreneurs to start something from scratch and build it into the next industry heavyweight.
China, the world's leading coal producer and consumer, has begun to levy resource tax on coal based on sales prices instead of production from Dec 1, in a move to shore up the industry and improve the deteriorating environment.
Strapped to the underside of a train, 23-year-old Ali Arzin from Afghanistan had hoped to cross the border of crisis-hit Greece into Macedonia and eventually reach another EU country.
An all-women theater group has found an ingenious way around a sales tax increase that is crippling Spanish theaters - by selling pornography.
Australia will continue to pay for climate change adaptation in vulnerable South Pacific island nations out of its own foreign aid budget rather than donate to the United Nations' Green Climate Fund, which was designed for the same purpose, the country's foreign minister said on Friday ahead of climate talks in Peru.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
