Analysts say that a Chinese-led consortium is still a strong contender to win a landmark contract to build Mexico's first high-speed railway, in a bidding process being rearranged for next year after the country decided to withdraw an earlier offer to the group.
Xiabuxiabu Catering Management Co, the iconic hotpot restaurant chain on the Chinese mainland, is seeking to raise about HK$1 billion ($129 million) on the Hong Kong stock exchange by offering 227.1 million shares for sale to the public at between HK$4.4 to HK$5 apiece.
The Chinese mainland is accelerating the opening of its financial service industry, by offering favorable land and tax policies to attract more Hong Kong-based companies to invest and operate in a business zone in Shenzhen, Guangdong province.
Skyscrapers and imposing buildings are a common sight in most first- and second-tier Chinese cities. But with growth mushrooming and urbanization going into overdrive, demand for big buildings and high-speed elevators is also spiraling in China, says Tony Black, president of Otis Elevator (China) Investment Co Ltd.
The elevator and escalator industry has been one of the sectors in China where foreign companies have been the dominant players. But that lead may soon disappear as Chinese companies are fast catching up with their foreign peers, both in products and technology, industry sources said.
Toyota Motor Corp is recalling 190,000 more vehicles - 185,000 in Japan and 5,000 in China - to replace potentially defective air bags made by Takata Corp, and Japan's regulator said it may change its recall system to better respond to what it called an "unprecedented" crisis.
Real Estate Investment Trusts appear to have got a fresh lease of life in China, with the government planning to grant approval for similar programs in public rental housing projects in first-tier cities, a news report said on Thursday.
Chinese shoppers emerged as a major force in the United States' Black Friday sales as their cross-border online spending during the annual event surged from last year's record, according to Alipay, the e-payment arm of Alibaba Group Holding Ltd.
Online travel firms are set to up the ante with a slew of promotional prices and other incentives as the battle to grab a slice of the huge outbound tourism pie in China intensifies, industry sources said on Thursday.
Best Buy Co Inc, the largest US consumer electronics chain, said on Thursday that it was selling its struggling China business - Five Star - to domestic real estate firm Zhejiang Jiayuan Group.
Life is full of twists and turns and it is easy to lose direction, but it also has moments we look back on as "destiny". For Yin Junting such a moment was in 1987, when he dropped by a training course in black pottery at Guantao county, Hebei province.
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