The central government on Tuesday decided to accelerate the development of fuel-efficient new-energy vehicles to reinforce its green goals.
Chinese engineers, especially those in second-tier cities, are increasingly taking to innovation, with creativity peaking among those aged 50 and above, an industry survey said.
The Ministry of Commerce on Tuesday pulled up global tech giant Microsoft Corp and its Chinese partner in an Xbox game console venture for breaching antitrust rules, but did not impose any serious punishment after it was found that the companies did not hinder free market competition.
There was a distinct change in the makeup of the business delegation that accompanied President Xi Jinping on last week's state visit to the United States. Of the 15 Chinese companies that took part in the trip, four were major tech giants while 10 were privately owned businesses.
Bright Food (Group) Co Ltd, the Shanghai-based food giant, has completed the acquisition of Miquel Alimentacio Grup, Spain's second-largest food distributor, in a move to expand its European distribution network.
China will be at the forefront of embracing the emerging international tax rules to combat base erosion and profit shifting, known as BEPS, as it shifts toward becoming a "capital-export" country, said senior EY executives.
Trading in shares of Zhejiang-based Ningbo Port Co was suspended on Tuesday as the company revealed it has completed merger procedures with Zhoushan Port Co.
Chinese smartphone vendor Xiaomi Corp is under investigation for alleged violation of the country's new advertising law, a financial news outlet reported on Monday.
Yahoo Inc said it is on track to spin off its nearly 15 percent stake worth about $22 billion in China-based Alibaba Group Holding Ltd this year into a separate corporate entity called Aabaco Holdings Inc.
Didi Kuaidi, China's largest mobile-based car-booking company, has invested in its Indian counterpart Ola - the latest in a string of investments made to form a network of global partnerships.
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Raymond Zhou
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Chen Weihua
