The gap between limited supply and high demand for developable land in core cities has pushed up the price by 50 percent, denting developers' profit margins and driving developers and investors to seek land in suburbs and lower-tier cities.
As the first Chinese carrier to offer in-flight internet access, China Eastern Airlines Corp Ltd is poised to commercialize the service in its wide-bodied aircraft next year once they get the nod from aviation authorities, a senior manager from the Shanghai-based carrier said.
Thales Group, a leading French aerospace company that produces in-flight entertainment systems, said it is bullish on the growth potential of the China market, and plans to increase its research and development in the country.
CNOOC, China's largest offshore oil and natural gas producer, has strengthened its investment in Mexico's energy sector by buying two deepwater oil blocks at auction.
Jiangsu Shangshang Cable Group, the top cable producer in China, aims to develop more high-tech products to meet customer demand and gain a cutting edge amid intense global competition.
Qianhai Reinsurance Co Ltd officially launched its business on Wednesday, becoming China's first reinsurer created under a public-private partnership.
Three of China's financial market operators intend to buy jointly a combined stake of up to 40 percent in the Pakistan Stock Exchange (PSX), a person with close knowledge of the potential deal told China Daily.
The first batch of 21 Chinese pension-fund management institutions were approved on Tuesday afternoon. This move is expected to shore up the A-share market greatly.
China Life Insurance Co, the country's largest insurer, said it would intensify efforts to provide comprehensive protection for people against serious illnesses, a move to help people avert poverty.
General Electric Healthcare Co, a leader in the high-end medical devices market, said it will partner with China's national cancer center and work on the research and treatment of breast cancer.
Guangzhou OED Technologies Inc, a major electronic-paper display supplier based in Guangdong province, has launched a charity program to provide electronic readers for children in low-income families.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
