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.
Strategic mergers and acquisitions remained robust across all categories in China last year, said a report published by global consultancy firm PricewaterhouseCoopers.
Though the draft of the proposed new Foreign Investment Law aims to significantly reduce the barriers for foreign investment in China, foreign companies are still apprehensive about the provisions relating to mergers and acquisitions, said a report released on Tuesday by global consulting firm, the Boston Consulting Group.
China has agreed to import all varieties of apples from the United States, the US Department of Agriculture said on Monday.
The combined brand value of Chinese enterprises rose significantly last year with growth being driven by market-driven brands or private companies without government backing, rather than State-owned enterprises, said a survey.
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