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.
Evergrande Real Estate Group, a leading property developer, has achieved its annual sales targets early after posting sales of 120.7 billion yuan ($19.6 billion) during the first 11 months of the year.
Australia's Westpac Banking Corp has opened a sub-branch in China (Shanghai) Piloted Free Trade Zone to target opportunities brought about by China's ongoing financial market liberalization, increased global use of the renminbi, and the recently signed China-Australia Free Trade Agreement.
A rebound in construction gave a boost to the service sector last month, the National Bureau of Statistics and the China Federation of Logistics and Purchasing said on Wednesday.
Woolworths Liquor Group, a leading global drinks retailer and the top seller of alcoholic beverages in Australia, on Wednesday announced the $25 million acquisition of Summergate Fine Wines & Spirits and Pudao Wines as it seeks to expand in the Chinese market.
Iron ore imports are expected to grow 6.4 percent year-on-year to around 1 billion metric tons in China during 2015, driven largely by lower commodity prices and growth in domestic demand, industry experts said on Wednesday.
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