The gasoline-and diesel-guzzling passenger vehicle industry may be taking tentative steps toward producing new-energy vehicles or NEVs with a focus on small models, but SAIC Motor Corp Ltd, China's largest automotive company, is thinking, and making, big in this context.
German plastics and chemicals giant Covestro AG is upbeat about the future of China's manufacturing sector despite the country's economic slowdown, the company's chief executive officer said.
Chinese cosmetics maker Shanghai Jahwa (Group) Co Ltd has reached an agreement to acquire Mayborn Group, the parent company of the largest British nursing bottles producer Tommee Tippee.
In late April, Greenland Group, one of the largest developers in China, forwarded its staff a plan, proposed by a consultancy, to cope with the new 11 percent value-added tax or VAT, which is higher than the 5 percent business tax.
Tax authorities have said it is not right to raise hotel room rates citing the new value-added tax or VAT, which replaced the old revenue-based tax on Sunday.
Financial services firms hope the Chinese tax authorities will announce soon more detailed rules on the new value-added tax or VAT system to clear the confusion over its impact on their tax burden.
March and April see the vast Chinese mainland transitioning from harsh winter to balmy spring. A billion flowers bloom, an odd shower reins in rising heat, and people celebrate life.
Swiss company forecasts world's No 1 spot for the country in five to 10 years
The shipments of smartphones worldwide in the first quarter marked the smallest year-on-year growth on record, and Chinese smartphone makers Oppo Electronics Corp and vivo Mobile Communication Technology Co Ltd pushed out previous fourth and fifth place players Lenovo Group Ltd and Xiaomi Corp, a report said.
A unit of China's HNA Group Co agreed to buy closely held Carlson Hotels Inc, gaining brands including Radisson and Park Plaza as the global lodging industry consolidates.
International publishers will see their intellectual property protected better in China, thanks to a milestone agreement between China's biggest internet search engine Baidu Inc and the International Publishers Copyright Coalition.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
