L'Oreal reveals huge cuts in emissions

L'Oreal, the cosmetics giant, is claiming to have cut carbon dioxide emissions at its factories in China by 65 percent compared to a decade ago. It also said it now uses 62 percent less water in its production processes than in 2005.

IN BRIEF (Page 18)

Room to grow in overseas hotel sector

Chinese companies are expanding their global real estate presence as they snap up blue chip properties in the US and Europe

Tencent move increases Ctrip's grip on Internet travel business

Ctrip.com International Ltd is poised to strengthen its position as China's largest travel website after teaming up with Tencent Holdings Ltd to stave off competition.

Rising bad debts raise alarm bells

Asset quality of commercial lenders also a concern as outstanding NPLs surge to $39b

Spectacular increase in new yuan loans

The rare divergence of two key lending measures in July underscored unprecedented efforts to stabilize China's stock market turbulence, and the tepid level of credit support to the real economy, according to analysts.

Samsung allies expecting dismal 'winter' ahead

Samsung Electronics Co Ltd's Chinese supply chain partners are feeling the chill in the hottest part of the year after the South Korean giant took a hit in its smartphone business.

Chinese real estate firm Oceanwide to buy two New York sites for $390 million

Even as data indicate that China's economy is in a fragile state, Chinese demand for New York City real estate remains strong as developer Oceanwide Holdings Group Co has agreed to acquire a pair of sites in Manhattan for $390 million.

Xiaomi starts production from India

Xiaomi Corp is putting a "Made in India" label on its smartphones.

Wanda to continue shift from property

Dalian Wanda Group, China's largest commercial property developer, is continuing to shift its business focus onto e-commerce, finance, tourism and movies, its founder and chairman Wang Jianlin said on Monday.

Rare earth mining firms slip into the red

About 90 percent of China's rare earth mining companies are incurring losses as rare earth prices continue to plummet due to overcapacity and illegal mining, industry officials said on Saturday.

China considers merger of top shipping companies

A possible merger of China's two largest shipping lines by revenue could point the way toward possible streamlining of other State-owned enterprises, and help raise stock market sentiment, industry insiders said on Monday.