Northwestern China's Xinjiang Uygur autonomous region launched bidding on Tuesday for six oil and gas blocks to private enterprises, a move that may end the monopoly of State-owned enterprises in oil and gas exploration, industry insiders said.
Automobile export volumes remained sluggish in China from January to May despite the increase in export value, indicating the positive structural adjustment in vehicle exports, the Ministry of Commerce said on Tuesday.
Leaders of the so-called BRICS countries are meeting starting on Wednesday in Ufa, Russia. Here is what you need to know about these emerging market economies to follow the summit.
The newly opened Coffee Exchange (Center) at the China (Shanghai) Pilot Free Trade Zone is expected to boost coffee consumption in the predominantly tea-drinking nation and give China a better say in the pricing of the world's second most commonly traded commodity, after crude oil.
Geely Holding Group, which owns Volvo Car Corp, plans to expand its methanol vehicle operation after its decision to invest $45.5 million in Iceland's Carbon Recycling International Inc.
Xiaomi Corp's decision to make Brazil the first market outside of Asia for its smartphones represents an opportunity to establish a foothold in Latin America. It may also serve as a stepping stone to enter the United States, according to analysts.
Major investment projects are struggling to get off the ground after being given the all clear by China's official auditor.
People unfamiliar with recent developments within China generally believe that the nation lacks innovation capabilities as well as the infrastructure to support entrepreneurship.
Finance needs to re-establish its role in serving the needs of an inclusive, sustainable economy. Policy and regulatory interventions following the financial crisis can help, by improving oversight and reducing dangerous levels of systemic risks.
Transparency and efficiency will ensure high standards at the Asian Infrastructure Investment Bank.
JAC Motors, a Chinese light truck brand that is the third best-selling light truck maker in the world, has become No 1 in most parts of Africa.
China UnionPay is aiming to build a global bank card, issued and used in countries throughout the world.
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Raymond Zhou
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