China's top economic planner has, for the first time, set a minimum level of national crude reserves for domestic oil companies, in a move to increase the country's energy security in light of its increasing reliance on imports.
The plunging price of fresh milk has nearly forced Zhang Xuekai out of the business. The 30-year-old has managed a collective dairy farm in Licheng district of Jinan in Shandong province since 2012.The price of raw milk peaked in 2013,soaring to 5.7 yuan (91 cents) per kilogram, she still remembers.
It turns out Chinese buyers like Apple Inc's idea of making smartphones with bigger screens.
Competition intensified in China's smartphone sector on Wednesday with a top online video-sharing platform throwing its hat into the crowded marketplace.
Excess capacity and the deflationary forces associated with plunging crude oil prices devastated manufacturers' profits last month, with a year-on-year plunge of 8 percent, the National Bureau of Statistics said on Tuesday.
Chinese actress Zhao Wei has taken a stake in Alibaba Group Holding Ltd's film division, bringing some celebrity power to a company that warned on Monday it could rack up losses of as much as HK$600 million ($77.41 million) for 2014.
Foreign websites must abide by Chinese laws and its Internet management policies, if they want to operate in the country, a top official said on Tuesday.
For Ji Fenghua, chairman of Jiangsu-based Nantong Mingde Group, 2014 brought a bitter fate. His heavily indebted shipyard was taken over by Sainty Marine Corp, a bigger shipbuilder in the same province.
Beijing-based law firm Dacheng Law Offices on Tuesday merged with global law firm Dentons in a deal that will create the world's largest law firm by attorney numbers.
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