The slowdown in real estate sales will help the country's furniture sector and other building products producers raise their environmental standards, and weed out weak industry players, according to a leading industry body.
Volkswagen AG has lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.
Mixed ownership will provide an opportunity for overseas enterprises to enter key industries blocked to private investors China has been pressing ahead with plans to expand mixed ownership of State-owned enterprises to boost economic efficiency. This is expected to produce unprecedented opportunities for foreign companies.
US president switches from Chinese-owned hotel for upcoming UN General Assembly
China's large State-owned banks aim to improve their corporate governance by diversifying ownership. The move, experts said, could have greater significance than the reforms and stock market listings of State-owned lenders at the beginning of the century.
Delta Air Lines Inc said on Monday it is acquiring a 3.55 percent stake in China Eastern Airlines Co Ltd for $450 million, as part of the efforts by the two carriers to further consolidate their relationship.
Sovereign fund China Investment Corp plans to buy Australia's biggest office block portfolio from Morgan Stanley for $1.82 billion, highlighting Beijing's appetite for stable assets offshore as the mainland economy sputters.
The Hurun Luxury Consumer Price Index, an annual study that gauges levels of top-end individual spending in China, has contracted for the first time in eight years.
Tmall Global, the cross-border e-commerce site of Alibaba Group Holding Ltd, has launched a new service to allow Chinese tourists to prepay for their duty-free purchases online before going on vacation.
Beijing will adopt a specific air quality control plan to temporarily close factories for the military parade celebrating the 70th anniversary of victory in World War II, which will have a positive effect on steel prices, mysteel.com said.
The New Development Bank is seeking a complementary and innovative approach from other international financial institutions.
Chinese companies have been urged to look at closer investment ties with Italian businesses. Italy is increasingly becoming a major investment destination for enterprises here. There are more than 60,000 Chinese firms with a presence in Italy, according to a report by PricewaterhouseCoopers, the multinational professional services network.
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Raymond Zhou
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