Gree Electric Appliances Inc - one of China's major air conditioner makers - said it is stepping into the fast-growing new-energy vehicle market by acquiring Zhuhai Yinlong New Energy Co Ltd, a local electric-vehicle producer, for 13 billion yuan ($1.81 billion).
Strong demand from China for its organic baby formula boosted sales in the mainland for food and beverage company Bellamy's Australia Ltd, which soared in its full year to end June by 331 percent on the previous year, the group reported on Friday.
China's full-year exports are likely to see a bigger drop than last year as downward economic pressures remain in place, a senior analyst at a government think tank said on Friday.
China's securities regulator said on Friday that it has completed an inspection of private equity and privately offered fund management companies and is cracking down on illegal activities and protecting the interests of investors.
China Investment Corp, the $814 billion sovereign fund, is leading an investor group in talks for a multibillion-dollar iron ore supply deal with indebted Brazilian miner Vale SA, people familiar with the matter said.
Nokia Technologies launched its state-of-the-art virtual reality camera called OZOin the Chinese market as a springboard for the Finnish technology group to grab opportunities brought by expanding demand from Chinese consumers for VR hardware and contents.
Chinese clean-energy group Golden Concord Holdings Ltd is competing with Shanghai Electric Power Co for control of K-Electric Ltd, the $2.3 billion Pakistani utility, people with knowledge of the matter said.
In a time rife with conspiracy theories and the Cold War-style imaginings of major-power geopolitical games, it perhaps should come as no surprise that State Counselor Aung San Suu Kyi's visit to China means the China-Myanmar relationship is being scrutinized through the lens of power games.
Seen from the largest-ever delegation of athletes China sent and the restricted participation of Russian athletes, Chinese athletes were expected to give a commendable performance at the Rio Olympics.
THE TEMPERATURE has almost reached its summer peak, yet in the railway station at Changsha, capital of Central China's Hunan province, the air conditioners in the waiting hall are not in use and people have to pay if they want to enter a cooled room. Beijing News comments:
A 29-YEAR-OLD MAN in Central China's Henan province has reportedly taken 62 civil service examinations at all levels during the last eight years. Beijing Youth Daily commented on Thursday:
THE TRAFFIC POLICE in Sanya, South China's Hainan province, have been tracing e-bike riders who break the traffic rules and organizing their work colleagues and families to study the relevant traffic regulations with them. Beijing Youth Daily commented on Thursday:
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Raymond Zhou
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