IN BRIEF (Page 18)

Living their own fairy tales

China's super rich are buying chateaus and castles in Europe and the US as future investments, but many find the maze of red tape baffling

Palatial playgrounds in Europe

Kinpurnie Castle

COFCO commits to Belt and Road Initiative

Agribusiness firms should be pioneers in agriculture modernization

Vale to expand iron ore output with eye on China

Brazilian mining giant Vale SA said on Tuesday that it will expand its iron ore production capacity to 450 million metric tons from the present 340 million tons in two years.

Hisense banks on innovation in battle against global competitors

Hisense Electronics Co Ltd, China's largest TV maker by market share, is banking on more investments in innovation and smart factories to gain an advantage over global rivals like Sony Corp and LG Corp.

KFC sues 3 firms for rumors on social media

Fast food giant KFC said on Monday that it has filed lawsuits against three Chinese companies, whose social media accounts spread false claims about the quality of its food.

China Eastern given the nod to provide inflight Wi-Fi services

China Eastern Airlines has become the first Chinese carrier to provide Wi-Fi services on both domestic and international flights.

MAS confident of turnaround by 2018

Malaysia's loss-making national carrier Malaysia Airlines Bhd said on Monday that it was confident of breaking even by 2018 and weathering the fallout from the twin tragedies in 2014.

PMI up slightly in May vs April

China's manufacturing business activity slightly expanded in May, indicated by a Purchasing Managers Index reading of 50.2, up from 50.1 in April, according to official data.

Didi Kuaidi dives into car-pooling market

Didi Kuaidi, the nation's largest taxi-hailing app provider by market share, launched a car-pooling service on Monday in Beijing, the latest effort to expand its presence in the country's transportation sector.

Hukou reform 'crucial to economic future'

Reform of the household registration system (hukou) could have the most direct impact on the economy as the nation's traditional advantages such as cheap and abundant labor wane, a top economist told China Daily.