IN BRIEF (Page 18)

China powers up on overseas electricity investment projects

Analysts said the startup of China's biggest power project in Russia points to expanding and increasingly important deals in the power sector between the two countries, and also significantly expanding investments by China in power projects internationally.

Russian lender looks to cater for Chinese corporate clientele

A leading Russian bank is looking to develop its business in China as part of the Belt and Road Initiative.

Sky's the limit for chopper firm

A major global helicopter manufacturer is bullish about China's economic prospects and plans to triple the size of its fleet there in the next five years.

AkzoNobel looks to expand its capacity

Chemicals and coatings giant AkzoNobel said it is a perfect fit to help China boost its green development and innovation and is looking at further expanding its capacity in the country.

Green zones to help fund fight against pollution

China's central bank said it is working together with local governments to develop five new green finance pilot zones, an initiative that will help fund the country's fight against pollution - which some analysts have estimated will cost over 3 trillion yuan ($440 billion) annually in investment.

Global coatings giant paints rosy China market picture

BEIJING - The chief of US company Axalta Coating Systems, the global paints and coatings manufacturer, said it planned to invest more in China, after the group successfully opened a massive technology center in Shanghai earlier this month.

Principal eyes huge pension potential

Principal Financial Group, the Iowa-based pension, insurance and asset management service provider, hopes to become a shareholder in China's pension business after gaining 12 years of experience in asset management in the country, said its senior executives.

Rio coal deal cements ties with China

Rio Tinto has tightened ties with China after selling its Australian coal assets to State-backed Yankuang Group for $2.69 billion.

All-network smartphones change mobile tech game

Two of China's major telecom carriers, which trail the market leader, have joined forces to step up efforts to introduce phones that can access all networks.

China-Kazakhstan zone creates jobs, stimulates trade

URUMQI - Marina has to cross an international border every day for work, but the one-hour drive from her home in Yarkent, Kazakhstan, to China's border town Khorgos is worth it, considering her monthly pay is 2,700 yuan ($400), an income above the average in her hometown.

Vietnam strives to export more succulent litchis to mainland

HANOI - Facing a lean harvest but enjoying good prices, Vietnam's litchi growing hub is intensifying cultivation of the succulent fruit in accordance with international standards, and exporting half of its output to China.