The Ministry of Commerce said on Thursday that China's investment in countries and regions along the Belt and Road Initiative would pay off from a long-term perspective, and called on companies to jump on the bandwagon.
China Mobile Communications Corp, the world's largest telecom carrier by subscribers, will invest $200 million in Pakistan this year to expand its presence.
Didi Chuxing, China's largest car-hailing provider, is facing increased pressure after one of its rivals obtained a license needed to legally operate car-hailing business, experts said on Thursday.
Boeing Co is the front-runner as Singapore Airlines Ltd closes in on an order for at least 35 wide-body aircraft, people familiar with the matter said.
When I decided to relocate to Beijing from Mumbai in September 2015, a couple of concerns weighed on my mind: Will vegetarian food be available in local restaurants? Will there be compatriots to hang out with occasionally, given that the West has been perceived as the "land of opportunity" by outward-bound Indian talent for so long?
Two Chinese-built locomotives arrived in Argentina on Wednesday, as part of an ambitious plan to revive the South American country's aging cargo rail network and spur the country's economic development. The locomotives' 2,950 horsepower doubles the drive of the current antiquated engines serving the Belgrano Cargas rail line, and can reach a maximum speed of 80 km per hour.
The hectic traffic at the Shanghai Disney Resort was among the few bright spots to partially offset the earnings drop suffered by The Walt Disney Co, which posted slack first-quarter revenue dragged by its cable businesses at home.
General Motors Co is firing on all cylinders, selling 10 million cars in a year for the first time, and riding a big gain in China with record sales for Cadillac.
Rio Tinto Group will pay a much higher dividend than expected and buy back $500 million of shares after the world's second-biggest mining company reported its first gain in annual profit since 2013.
Yum China Holdings Inc, the spinoff of the US fast-food chain which runs household names including KFC and Pizza Hut, registered flat same-store sales in 2016, three months after its New York listing.
German software company SAP SE will focus on small and medium-sized clients to grow its cloud business in China this year, after it posted its best-ever financial year in the region in 2016.
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Raymond Zhou
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