BEIJING - Equities extended their rally on Monday, with the blue-chip Shanghai index scaling a 31-month high, helped by gains in defense, consumer and healthcare firms as well as a boost from technology shares. The blue-chip CSI300 index rose 1.19 percent, while the financial sector sub-index was lower by 0.15 percent. The consumer staples sector rose 3.88 percent, the real estate index by 0.85 percent and healthcare sub-index by 1.77 percent.
BEIJING - Wanda Hotel Development Co has corrected a statement that last week appeared to contradict an English-language version of an announcement by the unit of billionaire Wang Jianlin's entertainment conglomerate.
BEIJING - With a string of encouraging data, China's economy kicked off 2018 on a positive note, adding to optimism among international financial institutions about the world's second-largest economy.
2017 was a boom year for the liquor market in China, with Chengdu, Sichuan-based baijiu distiller Shuijingfang Liquor Industry Co Ltd among the prominent gainers.
Wearing costumes to look like ancient Chinese, two live-streaming artistes, armed with a microphone headset each, chat with fans in a live sales promotion on Tmall, a Chinese online marketplace.
China's property developers are likely to continue to borrow significantly from overseas markets as China's lending market is tight and the cost of borrowing is rising.
The yuan may rise further this year due to a weakening US dollar and on the back of solid fundamentals of the Chinese economy, analysts said.
Central China's Hunan province is exploring a new mode of development, with a focus on improving its ecology and water navigation conditions.
Looking out from Yueyang Tower,renowned Song Dynasty (960 - 1279) writer Fan Zhongyan described the strategic position and spectacular view of Dongting Lake as "connecting the remote mountains and swallowing the Yangtze".
More than 3,000 hectares of Euramerican poplar trees were cut down on Zhongwei Island in the western area of Dongting Lake this winter.
By the end of 2017, China had more than 440,000 charging piles, or power ports, for electric vehicles, meaning there are roughly four EVs for every pile in the country, according to a report by the China Electric Vehicle Charging Infrastructure Promotion Alliance.
Mobile wallets backed by various payment technologies are scrambling to grab a slice of China's public transportation market, which could become a multi-billion dollar business by 2020.
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Raymond Zhou
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Chen Weihua
