The ARJ21-700, China's first home grown regional jet airliner designed and manufactured by Commercial Aircraft Corporation of China, made its maiden flight on Tuesday from Chengdu, Sichuan province to Shanghai, in a flight operated by Chengdu Airlines.
The sale process for a stake in Yum! Brands Inc's Chinese mainland business, which operates KFC and Pizza Hut eateries in the country, has been delayed, people with knowledge of the matter said.
The growth rate in the value of fast-moving consumer goods in China reached a five-year low of 3.5 percent in 2015, according to an industry report.
Volkswagen AG's price tag to settle lawsuits in the US over its rigging of diesel emissions tests has jumped to more than $15 billion - $5 billion more than previously reported - on the eve of a settlement to be filed on Tuesday in a San Francisco court.
Sad, shocked and terrified. That's how I woke up to the news that the United Kingdom had voted to leave the European Union.
China is committed to transforming its manufacturing sector by leveraging the latest technology to meet diverse demands, Premier Li Keqiang said on Tuesday. "Manufacturing is the foundation of China's development and the key for China's manufacturing sector is to move up the value chain," Li said during a session with business executives at a meeting of the World Economic Forum in Tianjin. He said manufacturing will have to become "smarter," relying on technology such as the internet, cloud computing and big data.
China could file a suit at the World Trade Organization against the US decision to impose high tariffs on Chinese steel imports, according to a statement by Ministry of Commerce on Tuesday.
China Vanke Co Ltd, the country's biggest residential developer, said it will hold a board meeting to discuss dismissal issues after its shareholder Baoneng Group called for ousting of all 12 of Vanke's directors, including chairman Wang Shi.
The Chinese insurance regulator said on Monday that insurers must improve their information disclosure on issues including capital source when it comes to equity investment in public companies.
BYD Co Ltd, a major Chinese new-energy vehicle manufacturer, said on Monday it plans to sell 1 million electric vehicles by 2020, betting big on the booming industry.
Britain's unexpected Brexit vote has put an additional focus on short-term uncertainties related to a major UK nuclear project being developed by Chinese and European companies.
Brexit is the last thing investment banks needed.
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