Infineon to expand its investment in Wuxi unit

Infineon Technologies AG, Germany's largest and Europe's second-largest semiconductor producer, has revealed plans to build a second factory in Wuxi, Jiangsu province, at a cost of nearly $300 million to accelerate its smart-manufacturing capability in China.

Experts: Joining TPP may benefit nation

China would lose 2.2 percent of its gross domestic product if 15 other countries joined the Trans-Pacific Partnership without China, according to the central bank's chief economist.

Deutsche to cut Hua Xia stake due to new valuation

Deutsche Bank AG is considering cutting its holdings in a mid-sized Chinese commercial lender, after Germany's largest lender warned that it may incur a net loss of 6.2 billion euros ($7 billion) during the third quarter.

IN BRIEF (Page 6)

China Resources unit to sell stakes in Wal-Mart

China Resources SZITIC Trust Co Ltd, a subsidiary of China Resources Corp, is to sell its 35 percent stake in 21 Wal-Mart Stores Inc's outlets in China, worth 3.35 billion yuan ($523.4 million).

Boutique lender brokers $15b deal

This week's $15 billion merger of two Chinese startups stood out for a number of reasons. It is the largest-ever combination in the nation's Internet industry, it forms a dominant player in the booming local services market - and just one bank brokered the deal.

Ferrero creating hundreds of jobs with new plant

Ferrero International SA, the world's third-largest chocolate maker, expects to create 500 to 700 jobs next year in Hangzhou after launching its first East Asian factory, the biggest investment ever, in the capital of Zhejiang province.

Marks & Spencer to launch flagship store in Beijing

British retailer Marks & Spencer Plc is setting up a new flagship store in Beijing this winter to further expand its presence in China.

Network firm to get more State support

China Reform Holdings Corp, an investment firm charged with revamping State-owned enterprises, plans to buy a stake in China Tower Corp, valued at more than 10 billion yuan ($1.6 billion), people with knowledge of the matter said.

Alibaba opens 2nd California data center

Alibaba Group Holding Ltd opened its second data center in Silicon Valley in the United States as it invests $1 billion in its cloud computing business globally to compete with Amazon.com Inc for clients.

Signs country tapping its growth potential

In its latest Global Financial Stability Report released on Wednesday, the International Monetary Fund said: "The Chinese authorities face an unprecedented policy challenge in carrying out their objectives to make the transition to a new growth model and a more market-based financial system."

Anti-graft test for the US

The second deportation hearing of China's most-wanted economic fugitive Yang Xiuzhu took place in the New York City Immigration Court on Monday, without a ruling.