The upcoming merger between two State-owned building materials manufacturers - China National Building Materials Group Corp and China National Materials Group Corp - will give the new entity a clear edge, especially in the cement business, over other global peers, experts said on Wednesday.
China and ASEAN member countries expressed support on Tuesday for closer economic and trade cooperation in a wide range of sectors, ranging from traditional industrial capacity to high-tech innovation.
State Grid Corp of China, the nation's electric power giant, has pledged to complete key internal corporate reforms by November, as part of its efforts to make the utility company more streamlined, efficient and market-focused.
China is expected to import 30 million metric tons of crude oil from Russia annually starting from next year through two transmission pipelines between the two countries, in the latest step to guarantee China's energy diversification.
Koubei, a restaurant review and local services platform under Alipay, rolled out its standalone mobile app on Wednesday, as it elbowed its way into China's red hot online-to-offline commerce industry, which is now worth hundreds of billions of dollars.
Amazon.com Inc is ramping up efforts in the Chinese market, hiring people to fill job vacancies ranging from software engineers, operation managers to content editors, in a move to expand its presence in the world's largest e-commerce market.
China Communications Construction Co Ltd, one of the country's largest infrastructure project providers by market share, will continue to innovate diversified ownership mechanisms and business modes abroad to compete with other established foreign rivals, said a senior executive.
China and ASEAN members are making continued efforts to promote the Regional Comprehensive Economic Partnership, and expect to achieve significant results by the end of this year, the Ministry of Commerce said on Monday.
The investment agreement for the Hangzhou-Shaoxing-Taizhou railway public-private partnership project was signed in Hangzhou of Zhejiang province on Monday, marking China's first high-speed train line with private investors taking the controlling stake.
Shares of companies related to the new energy car industry surged on Monday, hot on the heels of the news that China is working on a timetable to ban the production and sale of fossil fuel cars.
Chinese conglomerate CEFC has agreed to buy a 14.16 percent stake in oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening energy partnerships with Moscow, according to an announcement by Glencore released on Sept 8.
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Raymond Zhou
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Chen Weihua
