StanChart on path to profits in Northeast

Standard Chartered Bank (China) Ltd officially opened a branch in Heilongjiang province on Thursday, notwithstanding the slowdown in the national and regional economy.

Flying high amid turbulent conditions

Karl Ulrich Garnadt, chief executive of Lufthansa Passenger Airlines, knows that his toughest challenge is to shepherd the carrier through inclement and good weather onto the path of sustainable growth and profits.

Cashing in from the changing paradigms

Lufthansa launched its fourth cabin, the premium economy class, in October 2014, and the first flight with the new cabin to China started in December. Though the fourth cabin is available on several routes from China to Germany, China Daily decided to understand first-hand what it was like to be in the new cabin on a flight from Beijing to Frankfurt.

'Out' with the first-class, 'in' with the premium economy

With consumer preferences changing rapidly due to the economic slowdown, many carriers are now cutting first class seats and introducing a new class viz premium economy to cater to more customers, industry experts said.

'Crucial year' for nuclear energy sector

Eight new nuclear reactors will go online this year and six to eight others will be approved, a senior industry official said on Wednesday.

Shares levitate on torrent of cash as investors ignore risks

Oblivious to the increasing risk of being caught in a bursting bubble, investors continued to pile into the red-hot stock market on Wednesday, sending the benchmark Shanghai Composite Index to yet another seven-year high.

Major foreign players to enter clearing market for bank cards

Foreign companies such as American Express Corp, MasterCard Inc and Visa Inc hope to enter China's yuan-denominated bank card clearing market, which is worth $73 trillion a year.

Service, infrastructure contractors find fertile fields in developing nations

In the latest one of a series on the 'new normal' economy, Zhong Nan reports that more domestic companies have plans for overseas expansion.

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Governments and policies

Quotes of the day

Simpler rules for M&A 'positive'

The nation's simplified approval system for outbound direct investment, which has shifted from prior approval toward a registration and filing framework, is a positive step, but corporations need clarification about the new system, a partner at Ernst & Young Global Ltd told China Daily.

EIB planning to step up cooperation with China

European Investment Bank, Europe's long-term lending institution, is expected to officially inaugurate its office in Beijing in June to partly cooperate with China-led Asian Infrastructure Investment Bank, which it has discussed with China for a long time, said its top executive.