Oil demand to slow in 2015

Oil and gas consumption is expected to see slower growth in China this year, with the falling global crude prices providing an opportunity for more energy sector reforms, experts said on Wednesday.

Slowdown hits natural gas use

The growth of natural gas consumption fell to a 10-year low of 8.9 percent last year from 17.4 percent in 2013, a result of the nation's economic slowdown, an industry think tank said on Wednesday.

Refiners asked to store more crude

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.

Domestic dairy producers despair amid surge in 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.

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Pilot program likely for floats of tech firms

'King of smartphone hill'

It turns out Chinese buyers like Apple Inc's idea of making smartphones with bigger screens.

LeTV to launch smartphones

Competition intensified in China's smartphone sector on Wednesday with a top online video-sharing platform throwing its hat into the crowded marketplace.

Industrial profits dive in December

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.

Actress takes 9% stake in Alibaba Pictures

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.

Internet firms 'must obey rules'

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.

Economic change weighs heavily on manufacturers

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.