UK insurance company says Friends Life Group takeover will not affect its expansion strategy
Global automakers will manufacture fewer vehicles in China this year than they are able to because of slowing demand in the world's largest auto market, a reversal after years of rushing to build factories.
French milk producer Candia, part of the dairy cooperative Sodiaal Group, is looking to make inroads into the high-end dairy products market in China, with an eye on the nation's growing demand for imported products.
CSF fund infusions inject fresh energy into China's ailing capital markets
An increasing proportion of A-share investors are buying properties and the move will promote further development of the real estate market in China, said a report published by the Survey and Research Center for China Household Finance.
China Mobile Communications Corp, the nation's largest telecom carrier, said on Thursday that it was implementing salary cuts for its top brass, amid mounting pressure to provide better services at lower prices.
Global payment service firms are eyeing huge growth opportunities as a record number of Chinese students are planning to go abroad for higher studies, an industry report said.
Postal Savings Bank of China Co Ltd is accelerating the process of introducing strategic investors to the bank, its vice-president Xu Xueming said on Thursday.
Despite the flat GDP growth seen in the second quarter, there was a visible improvement in the overall economy, especially at local levels.
The industrial sector still faces "considerable downward pressure" and some industries are facing "increasing difficulties", the Ministry of Industry and Information Technology said on Wednesday.
China's northeastern rustbelt is expected to see a more rapid transition, with State-owned enterprise reform and manufacturing upgrading providing the uptick for growth in the region, economists said on Wednesday.
Company expects expansion in individual account transfers and online B2B services
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