Shandong Ruyi Group plans to acquire iconic British trench coat maker Aquascutum for about $120 million, sources said, as Chinese companies extend a record overseas dealmaking spree.
Chinese telecom equipment maker ZTE Corp will produce electric vehicles by the end of next year, with an annual output of 30,000 units.
Shanghai-based food giant Bright Food Group Co denied on Wednesday that any deal had been reached to sell its majority stake in popular UK cereal brand Weetabix.
Recently I've noticed that fresh flowers have been delivered to my house every week. One day they were red roses; another day they were white lilies and there were also times when I even couldn't tell their names.
Consumers who are busy preparing their home for Christmas are sure to find that this year's festive decorations are more expensive than expected.
Christmas is helping some Chinese companies to have an extended sales season that has been starting on Nov 11 - Singles Day online shopping festival - for several years now.
China will raise technical requirements for green energy cars to receive subsidies and make awards retroactive rather than at the time of purchase, as it tries to rein in widespread cheating by automakers uncovered earlier this year.
China Railway Signal and Communication Co, the country's railway control systems provider, has established a consortium with other players to compete with foreign rivals to build the Singapore-Malaysia high-speed railway, said its senior executives on Tuesday.
The Chinese mainland and Hong Kong will work together in the bond market to facilitate foreign investors' bonds purchases, said the chief executive of the Hong Kong Monetary Authority.
China Mobile Communications Corp, the world's largest telecom carrier by subscribers, aims to enable 1.75 billion connections by 2020, as it is working hard to put home appliances, vehicles and other items online.
China National Building Materials Group Corp struck a 2.75-billion-pound ($3.41 billion) joint venture deal on Monday to open six highly cost-efficient pre-fabricated house-building factories in the United Kingdom, capable of producing 25,000 homes a year.
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