New types of metro rail rakes manufactured by CRRC Corp Ltd, China's largest rail transportation equipment maker, are in operation in Izmir, Turkey.
CRRC Zhuzhou Electric Locomotive Co Ltd, China's biggest manufacturer of electric locomotives by market share, will invest 100 million yuan ($14.45 million) to build six production lines in Zhuzhou, Hunan province, to manufacture high-end rail transit parts by 2020, said its top executive.
Shanghai's housing authorities announced that they are stepping up limitations on home purchases in the city. In particular, raising down payment requirements as part of an effort to restrain fast growing house prices by limiting speculative buying.
The renminbi will stabilize against the US dollar because the Chinese economy may have reached its bottom, Cao Yuanzheng, chairman of BOCI Research Limited and former chief economist of Bank of China Ltd, said on Tuesday.
The average number of information security incidents detected by Chinese companies has increased over 900 percent since 2014, according to a survey conducted by international accounting firm PricewaterhouseCoopers (PwC).
China will encourage crowd innovation, crowd funding, crowd outsourcing and other innovative forms to further support the "Made in China 2025" initiative, especially in its mature and fast-growing sectors, said the country's top official for industrial businesses.
Yangtze Optical Fibre and Cable Joint Stock Ltd, the largest supplier of optical preform and fiber in the world, has seen its production efficiency rise sharply thanks to its intelligent manufacturing program.
Defying sporadic withdrawals of foreign companies and a perceived economic slowdown, AstraZeneca is adopting a "lean in" strategy in China with more locally developed drugs and wider outreach, Pascal Soriot, CEO of the Anglo-Swedish pharmaceuticals giant, told China Daily.
China's first national oil and natural gas trading center is playing a major role in helping to accelerate reform of China's energy market and further promote a market-based pricing system for energy products, said a leading oil industry executive.
Both the Chinese mainland and the Hong Kong stock markets saw a rally on Monday after the China Securities Regulatory Commission (CSRC) confirmed that the Shenzhen-Hong Kong Stock Connect will be launched next Monday, but global market uncertainties still held down performance, according to experts.
A leading company with famous consumer brands, Shanghai Jahwa United Co Ltd said it had replaced its top leader for the second time in only three years.
CSC Financial Co, the Beijing-based brokerage and investment bank, and an existing shareholder are seeking as much as $1.06 billion in a Hong Kong initial public offering.
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