Shanxi-based Taiyuan Iron & SteelCo Ltd, or Tisco, one of China's major stainless steel producers, has independently developed the special steel needed to make the feedstock for ballpoint pens tips.
Experts have said the development of homegrown world-class ballpoint pen heads would cut the cost of making the tips by roughly 50 percent.
Beifa Group, the country's leading manufacturer of stationery, said it has mastered the technology to produce a ballpoint pen using China-made materials and parts.
US-based computer technology company Oracle Corp plans to lay off around 200 research and development staff at its Beijing office due to strategic restructuring.
The Shenzhen-listed unit of Chinese internet major LeEco saw a 1.12 percent decline in its share prices on Monday, despite the claim that a $2.2 billion investment from Sunac China Holdings Ltd could help solve its cash crunch.
The share prices of China's giant State-owned enterprises in the steel, coal and power sectors are expected to rebound this year as the country recombines resources to create more Fortune Global 500 companies to compete with foreign rivals, an expert said on Monday.
Internet search provider Baidu Inc unveiled an augmented reality lab on Monday in Beijing to build smartphone-based AR applications.
The head of China's sovereign wealth fund said on Monday that it is eyeing rich investment opportunities in the United States as president-elect Donald Trump plans to expand the nation's infrastructure programs.
China's total outbound direct investment from the non-financial sector jumped 44.1 percent to $170.11 billion in 2016 compared with the previous year, according to data released by the Ministry of Commerce on Monday.
A face mask made by the Japanese company Shigematsu Works Co Ltd has been running out of stock on its online outlets, as many Chinese rush to protect themselves from the smog that has shrouded large swathes of northern China during the entire winter.
China's smog has made the anti-pollution mask one of the hottest products recently and many startup companies are eyeing a slice of the hazy cake.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
