Overseas mergers and acquisitions will strengthen China's integrated circuit sector in the next five years, a top official said on Thursday.
Fur production, export and consumption are languishing this year, with growth rates dropping significantly from last year, according to the latest industry figures.
Construction of the country's first luxury cruise ship is expected to start in 2017 and take three years, a senior executive from Shanghai Waigaoqiao Shipbuilding Co Ltd, the company building the vessel, said on Wednesday.
Selling one's apartment in a big city and embracing the quiet small-town life was once a romantic dream of many Chinese who were fed up with the choking smog, endless traffic jams, and the stressful, expensive metropolitan lifestyle.
Countries and regions along the Belt and Road Initiative have become the main clients for China's shipbuilding industry this year. The former are seeking to harness the potential of oceans to boost their economic growth, officials said.
Bank of China Ltd is seeking to appeal against a United States court order that imposes $50,000 daily fine on it for withholding information, its legal advisers said on Wednesday.
Danone SA, the French dairy giant, has offloaded its struggling Dumex China unit to a subsidiary of China Mengniu Dairy Co Ltd for 150 million euros ($159 million).
The Ministry of Commerce has warned companies operating overseas that they face increasing security risks, after 345 security-related incidents were reported since 2010.
Hung Yau-lit, chairman of the world's biggest bramaker, can thank Victoria's Secret for his newly minted fortune.
As an expat business journalist working in Beijing, I dream of one day interviewing Jack Ma, executive chairman of Alibaba Group Holding Ltd. He enjoys iconic status worldwide already and I wish to pick his brain on a variety of subjects.
China's debt buildup is continuing despite economic slowdown, but for the time being, it won't trigger a financial crisis, said a credit officer with global credit ratings agency Moody's Investor Service.
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