Local governments have asked major Chinese home-appliance makers to return the subsidies given to boost sales of energy-efficient products after reports of widespread misappropriation.
Textile producer Shandong Ruyi Group is believed to be in takeover talks with SMCP SAS, the owner of French fashion brands Sandro, Maje and Claudie Pierlot, according to media reports in Hong Kong.
Synaptics Inc, the maker of touch-screen technology used in mobile devices and computers, is nearing an agreement to be bought by a State-backed Chinese investment group that values the company at more than $110 per share, according to people familiar with the matter.
Share prices rose on Friday after the government signaled it will curb overcapacity in industries that have been dragging down economic growth.
China National Petroleum Corp, the country's biggest oil and gas producer, plans to increase natural gas production this year and maintain crude output near 2015 levels.
Two units of China Orient Asset Management Corp, a leading State-owned bad-assets management firm, said on Friday that they had formed a strategic partnership with global investment firm KKR & Co to co-invest in credit and distressed asset opportunities in the Chinese market.
Buried deep in the latest official statistics about China's economic and social development in 2015 is the fact that the number of the country's newborns decreased to 16.55 million last year, 320,000 fewer than 2014.
The new era of win-win cooperation heralded by President Xi Jinping's visit to three countries in the region presents the crisis-ridden Middle East with a golden opportunity to blaze a new trail out of its chronic turmoil.
CHINA'S NATIONAL Meteorological Center announced a blue alert on Wednesday morning for snowstorms, which are expected to sweep across China in the coming days.
AN 11-YEAR-OLD GIRLwas raped and killed on Jan 18, with a suspect surnamed Wei arrested two days later.
POLICE IN SOUTHWEST China's Sichuan province and East China's Shandong province rescued 15 babies from gangs that planned to sell them. Among the 78 suspects detained, are some of the babies' biological parents. Beijing News says on Thursday:
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Raymond Zhou
Op Rana
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Chen Weihua
