Zhang Ruimin, chairman of Haier Group, said China's largest maker of home appliances will continue to be the platform where different cultures could coexist, thrive and contribute creative inputs for innovation in the industry, in line with the government's current emphasis.
Fantawild Holdings Inc, one of China's leading theme park brands, plans to ride the boom in the sector and double the number of its parks over the next five to ten years.
Pfizer Inc said Tuesday it will invest $350 million in Hangzhou, eastern China on a plant for biotechnology drugs, bolstering its presence in the world's second biggest pharmaceutical market despite slowing economic growth in the country and rising pressure on prices for medicines.
The US government has extended through to Aug 30 a reprieve of tough export restrictions imposed on the Chinese smartphone maker ZTE in March for allegedly breaking sanctions against Iran, the Commerce Department said on Monday.
German robotics maker Kuka AG is on the brink of agreeing to a takeover bid from Chinese bidder Midea Group Co that includes a long-term commitment to its existing headquarters, factories and jobs, a source close to the negotiations said.
Chinese mainland stocks advanced the most among emerging markets in Asia as raw-material producers rose on expectations that a campaign to reduce overcapacity will support prices and smaller companies rallied.
China Minsheng Investment Group, the country's largest private investment conglomerate, is investing aggressively in China's burgeoning general aviation sector.
"Look, it's the train from China!" The waiting crowd broke into a loud applause. Standing among them, Tomasz Gorzelak, chief executive of Polish Hatrans Logistics Company, waved at the train cheerfully with a bright smile on his face.
Holed up in a shiny glass building in the Chinese city of Chengdu, Y. James Kang spends his days researching ways to repair damaged hearts, livers and brains - with the help of stem cells and 3D printers.
For Beijing resident Alex He, the cost of a trip to the mall can easily top $3,000. He, 29, works in the finance industry and while he doesn't regularly go shopping for clothes, "when I do shop," he said in an interview, "I buy a lot." Recent purchases include several pairs of Adidas shoes that he found at an outlet mall. He also fancies Under Armour shorts and shirts. "I used to buy a lot of luxury brands but in the last year or so I've been purchasing more of the sports brands because they are more comfortable and more fashionable," said He.
Britain's decision on Friday to leave the European Union will have only a limited effect on China's stock market this week and perhaps even boost the yuan's status as a global currency, economists told Xinhua.
The No 1 US fund with exposure to Chinese stocks is making a big bet on the country's transition to a new economy, boosting holdings of consumer and technology companies.
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