Fosun Group, one of China's most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it turns its focus toward raising its credit rating to above junk.
Chinese e-commerce giant Alibaba Group Holding Ltd has ceased online sales of medicines on its Tmall platform as the government tightens its control over the country's nascent e-pharmacy industry.
The profits of China's three leading insurance companies all dropped sharply in the first half as a weak capital market dragged down investment returns.
Chinese mainland stocks listed in Hong Kong rallied the most in three weeks after a private manufacturing index unexpectedly jumped to the highest level since February last year.
The worst floods in China since 1998 and cooler-than-usual weather are eroding sales at the nation's brewers, deepening a slump caused by the economic slowdown.
There have been more than 5 billion passenger trips on China's world-renowned bullet trains in eight years, according to new data from the national rail operator. Since its debut in 2008, China's high-speed railway has seen an average annual growth of over 30 percent in passenger trips, the China Railway Corporation said on Thursday, the day after China announced plans to double its length of HSR by 2025.
"I am planning to send my son to study overseas and China is certainly topping the list of choices," said Duong Xuan Hang from Vietnam's capital city Hanoi.
Corporate financial results for the first half of this year are nigh, and more than 60 percent of some 1,800 A-share listed companies have said they expect positive growth.
China will soon kick off the second round of awarding licenses for private banks. Five private banks had opened for business in 2015.
Giving up soap is good for the skin, expert says, but what about the natural environment?
China currently lacks quality nursing services and the healthy development of nursing sector is essential for the improvement of the Chinese healthcare system, experts said recently at a forum held in Beijing.
Chongqing Changan Automobile Co, the Chinese automaker that completed a 1,931-kilometer trek with a self-driving car earlier this year, has postponed public road tests in response to a regulatory ban it said could impede efforts to develop autonomous vehicles.
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