Estee Lauder to cut prices of products in July

Beauty products giant Estee Lauder Companies Inc is lowering the retail prices of its skin care and cosmetics brands in China from July 1 in the wake of the government's decision to reduce import taxes to boost domestic spending.

Rule that restricts bank loans to 75% of deposits to end

The State Council, China's cabinet, moved to scrap a rule that caps lending by commercial banks at 75 percent of their deposits, a measure that will increase the supply of cash in the financial system.

Study: Nation first in new renewable power installations

A United Nations-backed organization said on Wednesday that China again led the world in new renewable power capacity installations last year, as well as investment in renewable energy.

HSBC on quest to build communities

Program enters second year, with a further 10m yuan to tackle residents' pressing problems

Children learn traffic safety the fun way in Street Angel program

Huang Weijia was excited about wearing her new outfit - a traffic policewoman's uniform.

IFC partners with New Hope Liuhe

International Finance Corp, a member of the World Bank Group, is providing a long-term financing package of $60 million to support the expansion plan of the Singapore subsidiary of leading Chinese agribusiness company New Hope Liuhe Co.

IN BRIEF (Page 18)

Li & Fung set to open 300 outlets in mainland

Li & Fung Ltd plans to open 300 outlets in the Chinese mainland under a joint venture with two major department stores to develop fashion brands and home products.

Didi to launch app for corporate, govt users

Didi Kuaidi, China's largest car-hailing service provider, is driving its business in a new direction with plans to launch a separate service targeting corporate and government users.

Fosun International takes stake in Israeli insurer

Delek Group Ltd has agreed to sell its controlling stake in Phoenix Holdings Ltd, Israel's fourth-largest insurance provider by market value, to China's Fosun International Ltd.

Nansha navigates path to growth

Construction of port facilities and international cooperation will be given priority in Guangzhou, the capital of Guangdong province, which aims to build an international shipping center within three years, local authorities said on Tuesday.

KKR takes stake in professional training company

Global investment firm KKR & Co LP announced on Tuesday a strategic investment into Tarena International Inc, a Nasdaq-listed provider of professional education services in China.