Sanofi is considering a counterbid for Actelion Ltd, potentially challenging a move by US healthcare giant Johnson & Johnson to acquire Europe's largest biotechnology firm, people familiar with the matter said.
The Ministry of Finance on Tuesday issued preferential tax policies for companies engaged in debt-reducing corporate restructuring.
Overseas investors showed greater interest in Shenzhen-listed shares as the long-awaited, second cross-border stocks "through train" between Hong Kong and the Chinese mainland rolled off the tracks on Monday despite a slow start amid global economic uncertainties.
China will become the world's largest robo-adviser market thanks to its growing middle class and the popularity of the mobile internet, according to a report released by CreditEase Corp and Bloomberg LP.
Business activity in China's services sector expanded to a 16-month high in November, according to a private survey released on Monday.
Hong Kong billionaire Li Ka-shing's Cheung Kong Infrastructure Holdings Ltd has offered A$7.3 billion ($5.4 billion) in cash for Australia's Duet Group as it seeks to expand its power and gas pipeline assets.
Australian and Chinese governments have reached an agreement to open up the aviation market between the two countries, Australian Minister for Infrastructure and Transport Darren Chester and Minister for Trade, Tourism and Investment Steven Ciobo said in a statement on Sunday. The statement said the new arrangements will remove all capacity restrictions between Australia and China for each country's airlines, allowing Australian tourism businesses to take advantage of the largest and fastest growing consumer market in the world.
Ski resort operators are plotting their course, just like those who take to the slopes, to improve service and facilities, as they seek greater market share in a growing industry.
A Qiqihar-based skates manufacturer will invest 550 million yuan ($79.4 million) in expanding production in the next five years, forecasting bumper winter sports seasons.
Gao Cheng trains young children and students about 12 hours a day seven days a week, teaching them the fundamentals of skating and answering questions from their parents.
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Raymond Zhou
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