China National Petroleum Corp's impending plan to divest a portion of its stake in natural gas pipelines will spur competition in the oil and gas industry, experts said on Friday.
Tsinghua Unigroup Ltd is buying stakes in two Taiwan-based chip companies for 13.5 billion yuan ($2.1 billion) as part of its efforts to become a leading global chipmaker.
Aluminum smelters in China pledged on Friday to halt new mills and keep idled capacity closed, in a statement that stopped short of the specific targets set by top producer China Hongqiao Group Co and other metals producers to cut capacity or output.
The Islamic State group is trying to extend its influence in other parts of the world after being pushed back in the Middle East by international efforts.
Declining foreign exchange reserves and poor trade growth figures are surely causes for caution for Chinese policymakers who are trying hard to arrest the slowdown of the world's second-largest economy amid increasing global uncertainties.
THE SUPREME PEOPLE'S Court has approved the death sentence handed down to Lin Senhao, a student at Fudan University in Shanghai, for murdering his roommate.
THREE HIGH-RISE apartment buildings nearing completion in North China's Tianjin municipality are to be demolished, because the buildings were in violation of their planning permission.
SOOCHOW UNIVERSITY in East China's Jiangsu province has been put under the spotlight recently as it made all its scholarships for undergraduates 1 yuan (16 cents). Beijing News says:
That the ongoing anti-corruption campaign has unearthed at least 50 corruption cases in universities since the 18th National Congress of the Communist Party of China in 2012 shows that lack of effective supervision and restrictions has led to the abuse of power.
As American novelist F. Scott Fitzgerald famously said, the rich are different from the rest of us.
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Raymond Zhou
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