German automaker Audi AG will suspend its plans to produce and sell cars with SAIC Motor Corp Ltd until at least next year, a move intended to reassure its current partner FAW Group Corp and appease dealers concerned about their profitability.
Seagate Technology Plc will continue investing in China as the US hard-disk drive manufacturer expects the booming robotics and internet of things industries to revive demand for its products.
BYD Co Ltd has vowed to harness solar energy from deserts in the Middle East, with the construction of a 200 megawatt photovoltaic power station in the region, mainly focusing on energy storage projects.
Swiss businesses in China are more bullish and hope to rule the roost in the Year of the Rooster, beginning Jan 28, a survey has revealed.
The Chinese banking system is healthy and can handle its nonperforming loans, China Huarong Asset Management Co Ltd Chairman Lai Xiaomin said.
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.
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