Gree Electric Appliances Inc of Zhuhai saw its shares surge 7.5 percent on Thursday on the news that Foresea Life Insurance, a unit of Chinese financial conglomerate Baoneng Group, had increased its stake in the company.
Chinese airlines are expected to bear the brunt of a rising oil price after OPEC came to an agreement to limit production, and airlines are likely to levy fuel surcharges on domestic and international flights, experts said.
Large coal companies in China signed mid - and long-term contracts with power and steel companies on Thursday in order to stabilize fluctuating coal prices.
China National Petroleum Corp will split its natural gas sales and pipeline units, a move which will further accelerate natural gas industry reform and promote a market-based pricing system for the sector.
Chinese home appliance retailer Suning Commerce Group is leading a $200 million round of new fundraising in Yiguo.com, a fresh produce e-commerce platform backed by Alibaba Group Holding Ltd, bringing the total of Yiguo's fundraising in 2016 to $500 million.
Chinese billionaire and real estate tycoon Wang Jianlin said China's real estate market has bubbles but will not collapse, underlining that people migrating to cities will support demand and recent government moves to squeeze bubbles are taking effect.
China Railway Construction Corp, one of the country's two biggest rail construction contractors by revenue, won a contract to build a stadium for Qatar's World Cup in 2022, the State-owned company announced on Wednesday.
Volkswagen AG, BMW AG and Ford Motor Co plan to set up a European network for the speedy charging of electric-car batteries as the auto manufacturers seek to overcome customer resistance to the vehicles.
In the past several weeks, I got two notices posted on the door of my home. One was from a local phone company that had cut off the landline and informed me where to find them if I wanted to continue. The other came from a cable TV provider, saying it would terminate its service because I'd not renewed my subscription.
The Chinese business community has called on the European Union to eliminate trade barriers against mainland companies - and to fully recognize its international commitments under the World Trade Organization, a senior trade official said.
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