The aerial work platform market, especially the rental sector, will become one of the fastest growing markets in the Chinese construction machinery sector, a leading global company said in Shanghai on Wednesday.
China's thriving mobile payment market will witness a new battle for dominance between Apple Inc and its local smartphone rivals, with industry insiders anticipating a direct showdown between Apple Pay and a home-grown digital wallet service in late 2015.
Chinese officials have issued a firm assurance that the Asian Infrastructure Investment Bank will be a "clean and green" multilateral financial organization, with a strong focus on open and inclusive development that will meet the highest possible international standards.
The tire industry has urged the government to take decisive measures against the anti-dumping and countervailing duties imposed on tires imported from China after the United States Department of Commerce claimed on Monday that Chinese manufacturers benefited from government subsidies.
Options traders keep finding new reasons to get bullish on Chinese stocks.
The banking regulator has allowed more provinces to set up local asset management companies to handle bad loans owed by local governments and financial institutions, which have seen surging troubled assets amid the economic slowdown.
Construction equipment maker Zoomlion Heavy Industry Science & Technology Development Co Ltd said on Tuesday that it will explore strategic merger and acquisition opportunities, rather than large purchases, to boost its exports amid an industry downturn.
9Air Co, the first low-cost carrier in Guangdong province, will start operations soon by providing tickets priced as low as 9 yuan ($1.46) to tap into the booming market in South China, company officials said on Tuesday.
Despite opportune timing, China's diversified conglomerate Dalian Wanda Group is facing difficulties in securing a high valuation from institutional investors for the shares it is planning to offer for sale in Hong Kong.
WeChat, one of China's most popular mobile-messaging applications, is turning to thousands of students studying in the United States to spread its usage across the country.
Bank of China Ltd plans to double its mortgage lending in Australia in two years and wants to offer more home loans to local people, the bank's country head said.
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Raymond Zhou
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