Talks are taking place about a merger between Xinxing Cathay International Group Co and the parent of China First Heavy Industries Group Corp as part of the government's overhaul of State-owned enterprises, sources with direct knowledge of the talks said. Shares of the listed units jumped.
IMAX Corporation and IMAX China Holding Inc announced the largest ever deal for IMAX theaters on Tuesday. Under its terms, the company is set to build an additional 150 IMAX theaters with Wanda Cinema Line Co Ltd in the next six years.
The United Kingdom remains an attractive destination for Chinese investors after Brexit, and investing in the healthcare sector offers potential, Matt Siddle, a portfolio manager at global asset management company Fidelity International, told China Daily.
China's truck manufacturers are keeping their eyes on international markets and on production upgrading as ways to deal with the industry's severe overcapacity.
Commercial banks have said they are stepping up their risk management of the credit and debit card business, as they face new challenges from criminals amid the rapid development of internet technologies, the China Banking Association said in its latest report.
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.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
