Many overseas banks reported double-digit profit growth in China in the first half of 2014 thanks to a rapid increase in corporate banking and cross-border renminbi business.
Thailand is seeking more opportunities to collaborate with China, especially in the areas of rail transport, agricultural products and tourism, after months of political turmoil.
Economic ministers from the 16 participating countries of the Regional Comprehensive Economic Partnership have reiterated their commitment to conclude negotiations by the end of 2015.
Stein Erik Hagen, the richest man in Norway, believes that China will continue to play a critical role in the global economic transformation and spearhead green energy applications worldwide.
Demand for high-end aluminum products will continue to grow in China over the next few years due to the renewed focus on energy conservation and sustainable development, a top industry official said.
Leading oil and natural gas companies PetroChina Co Ltd and CNOOC Ltd reported first-half results on Thursday that reflected weaker demand for refined products.
Top distillers' struggles have deepened amid the government's campaign against corruption and extravagance, with Wuliangye Group Co Ltd reporting record low profit and sales in the first six months of 2014.
Pernod Ricard SA, the world's second-largest distiller, said the Chinese market is improving after its sales slumped 23 percent in the nation's last fiscal year, and it plans to cut 900 jobs to reduce costs.
Industrial & Commercial Bank of China Ltd, the world's largest lender by assets, posted a record quarterly profit by boosting loan margins and limiting provisions for bad loans.
Mengniu Dairy saw the biggest fall in its share price for more than two years on Thursday, in Hong Kong trading, over concerns about soaring marketing costs and leaner profits due to fierce competition.
Firm joins with Tencent, Baidu in venture said to be worth as much as 5 billion yuan
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
