German car giant Volkswagen AG and its Chinese partners will recall 4.86 million cars in China over faulty airbags from Japanese supplier Takata Corp, the largest ever recall in the history of the world's largest automotive market.
Sinochem Group, a key State-owned conglomerate involved in energy, agriculture, chemicals, real estate and financial services, will engage in innovation-driven reform to meet the needs of China's supply-side structural reform, said its senior executives.
Two units under internet giant Alibaba Group Holding Ltd are working in tandem to test facial recognition technology that will allow users to unlock delivery drop boxes.
NANNING - Chen Min, chairman of Guangxi Ruian Logistics Group, is looking for business partners from Brunei at the ongoing China-ASEAN Expo, as he prepares to set up a halal food and spice factory in the country.
South Korea's Lotte Shopping has picked Goldman Sachs to manage the potential sale of its supermarkets in China, an official at the parent group said on Thursday.
Apple Inc unveiled its most advanced iPhone on Wednesday, whose design is impressive enough to spark enthusiasm but its high price tag may prevent Chinese consumers from opening their wallets, analysts said.
China has for the first time set a targeted timeline to roll out the use of ethanol in gasoline nationwide for cars by 2020, part of its efforts to clean up pollution and optimize the country's energy mix.
China Baowu Steel Group, the nation's largest steelmaker, plans to merge more iron and steel companies amid the central government's deepening of State-owned enterprise reform.
Samsung Electronics Co Ltd hopes to regain consumer confidence and rejuvenate sluggish sales in China after the Note 7 debacle, with the launch of its latest premium smartphone Galaxy Note 8 on Wednesday.
In the process of eliminating overcapacity, China Baowu Steel Group has taken steps to ensure surplus employees can smoothly exit the company either to new jobs or early retirement.
Chinese investors remain enthusiastic about investing in the African market despite frustrations and challenges coming from unexpected restrictions, misunderstandings and cultural conflicts.
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Raymond Zhou
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