Estee Lauder to cut prices of products in July

Beauty products giant Estee Lauder Companies Inc is lowering the retail prices of its skin care and cosmetics brands in China from July 1 in the wake of the government's decision to reduce import taxes to boost domestic spending.

IFC partners with New Hope Liuhe

International Finance Corp, a member of the World Bank Group, is providing a long-term financing package of $60 million to support the expansion plan of the Singapore subsidiary of leading Chinese agribusiness company New Hope Liuhe Co.

Study: Nation first in new renewable power installations

A United Nations-backed organization said on Wednesday that China again led the world in new renewable power capacity installations last year, as well as investment in renewable energy.

Children learn traffic safety the fun way in Street Angel program

Huang Weijia was excited about wearing her new outfit - a traffic policewoman's uniform.

HSBC on quest to build communities

Program enters second year, with a further 10m yuan to tackle residents' pressing problems

Rule that restricts bank loans to 75% of deposits to end

The State Council, China's cabinet, moved to scrap a rule that caps lending by commercial banks at 75 percent of their deposits, a measure that will increase the supply of cash in the financial system.

IN BRIEF (Page 18)

Russia now China's largest crude supplier

Russia became China's biggest crude supplier in May, overtaking Saudi Arabia, as the global competition for oil intensified.

Mainland remains top FDI destination

China remains at the top of the world's 10 most attractive countries for foreign direct investment, even though last year's global FDI dropped to the lowest point since the 2008 financial crisis, the United Nations Conference on Trade and Development said in a report.

Must-pack list now includes pocket Wi-Fi for many tourists

The Internet has become such an integral part of modern life that people want to stay online all the time, even when they are on an exotic vacation.

Tourism industry targets the elderly

China's tourism industry can cash in on the seniors market but only if it puts together better domestic package deals for the elderly.

Japan will receive more Chinese visitors as they avoid South Korea

Japan is expected to be the most popular destination for Chinese tourists taking a summer vacation abroad because of the new visa policy, currency exchange rates and the outbreak of Middle East Respiratory Syndrome in South Korea.