Victoria's gets closer to Chinese women

US lingerie giant Victoria's Secret is opening its first full assortment stores in China. Two stores will open initially, one in Shanghai and the other in Chengdu.

IATA bullish on China aviation market

The International Air Transport Association said on Friday that it is bullish on the growth potential of China's aviation market and believed the new airport in Beijing, which will start operations in 2019, would ensure sufficient airport capacity to meet expected traffic growth.

Shanghai to sharpen focus on exports

Shanghai-based companies are aiming to boost their trade and investment further in 2017 in countries along the Belt and Road Initiative - with a focus on equipment and services exports - a key report issued by the city's commerce and trade authorities said.

IN BRIEF (Page 6)

Nation plans $4b fund for services

The government plans to set up a 30 billion yuan ($4.37 billion) worth fund to boost higher-value services exports - such as technology, finance and culture exports - a local business newspaper and experts said on Friday.

Watchdog makes move on placements

China's securities watchdog on Friday tightened the regulations on private placements by listed companies, aiming to curb their excessive fundraising which has led to speculative trading and market volatility.

Chinese group eyes Four Seasons Resort

A consortium of Hong Kong-based private equity fund Gaw Capital Partners and individuals including Pony Ma, founder of China's Tencent Holdings Ltd, is looking to buy the Four Seasons Resort in Bora Bora, French Polynesia, Basis Point reported on Wednesday.

Regulator relaxes rules on stock index futures

China's securities regulator has relaxed the trading rules for stock index futures, signaling a gradual exit by the regulator from the harsh restrictions imposed during the market rout in 2015, analysts said on Friday.

Politicizing economic affairs generates no fruit

Earlier this year, the former chief economist of Bank of China, Cao Yuanzheng, warned the Chinese business community that a change in their global operating environment was possibly on the way - a change from peaceful development of all businesses to ferocious competition.

Party's vital self-purification

Addressing the opening session of a recent workshop on the Sixth Plenary Session of the 18th Communist Party of China Central Committee attended by officials at the provincial and ministerial levels, President Xi Jinping, also general secretary of the CPC Central Committee, called on them to carry forward the Party's revolutionary spirit, not to be lax even for a moment in solving existing problems, and constantly meet the requirements of the times and the people.

High-price cigarettes sign that gift-giving corruption is back

THE STATE TOBACCO MONOPOLY ADMINISTRATION issued a ban on high-price tobacco products in March 2012, forbidding sales of cigarettes labeled or actually sold for more than 1,000 yuan ($146) per 200. However, there are now shops selling cigarettes at three times that price. China Youth Daily comments:

Ease heavy tax burden to upgrade manufacturing

MORE THAN 20 DEPARTMENTS of the State Council, China's cabinet, are pressing ahead with the government's "1+X" initiative. The "1" stands for "Made in China 2025", a road map to enhance the country's manufacturing power, and "X" means guidelines for sectors including smart manufacturing and innovation of high-end equipment. But for the initiative to work extra efforts have to be made to lower tax burden on enterprises, Beijing Youth Daily commented on Thursday: