3M to cash in on emerging opportunities, boost innovation to ensure success, says top official
Buoyed by the huge growth opportunities, a growing number of multinational firms are moving away from other global markets and focusing on Chinese consumers, said a leading management expert.
Three decades after its debut in China, 3M Corp has centered its growth strategy on the tenet of "In China, For China". By finding a close match between its diversified and innovative technologies and the surging demands from various sectors of the local economy, 3M has been able to seize several growth opportunities in the world's largest emerging market.
PetroChina Co, the listed arm of the country's biggest oil and gas producer China National Petroleum Corp, has reported a 17.3 percent fall in net profit for last year.
The retail gasoline price has been cut by 240 yuan ($38.73) a metric ton, or 0.18 yuan per liter, and diesel by 230 yuan a metric ton, or 0.2 yuan per liter, starting from Friday.
Traffic on the Shanghai-Hong Kong Stock Connect program may become much busier after the Hong Kong Exchange and Clearing Ltd said on Thursday that investors would be able to avoid the pre-trade quota check before transaction starting next Monday.
Industrial & Commercial Bank of China Ltd, the world's largest lender by assets, posted its first quarterly decline in profit since 2009 as provisions for bad loans more than doubled.
Hainan Airlines Co Ltd, the fourth-largest carrier in China, said on Wednesday that it is purchasing 30 Boeing 787-9 jets to expand its international routes and tap the growing demand for overseas travel in China.
China, the world's largest electricity consumer, is exploring the possibility of allowing private and foreign capital in some power-related businesses like sales and distribution as part of its ongoing reforms for the sector, a top planning official said on Wednesday.
Ctrip.com International Inc, China's largest online travel agency, on Wednesday said it was setting up a new platform that focuses on big data analysis for the hotel industry.
Chinese investors will make more outbound property investment this year amid relaxing policies and rising investor sentiment, according to a report released on Wednesday.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
