Axalta Coating Systems, the Philadelphia-based liquid and powder coatings maker, signaled its plans to further expand in China earlier this year, after it started manufacturing from its new facility in Shanghai's Jiading district.
The coating industry faces overcapacity and excessive inventories as the property market stagnates after years of prosperity.
The central government is using a "carrot and stick" strategy to ensure that more than 1.7 trillion yuan ($274 billion) of municipal bond sales this year will go off without a hitch.
China National Nuclear Power Co, one of the country's three State-owned nuclear power developers, is a step closer to raising more than 16 billion yuan ($2.6 billion) in an initial public offering.
The Ministry of Commerce will encourage more e-commerce and logistics companies to expand into rural areas this year as part of its efforts to create more jobs and provide better information access, officials said on Wednesday.
Oil giants said to spin off pipeline operations amid sweeping reform measures, reports Bloomberg.
The Chinese are considered masters of storage.
A new wave of urbanization could spark the consumption and investment needed to address China's complex economic situation, the nation's top economic planner said on Wednesday.
Moves by the Chinese government to raise the steel industry's competitiveness by wiping out corruption have brought several senior officials under investigation.
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