IN BRIEF (Page 18)

LeEco mired in financial crisis

Chinese actress Gan Wei is better known as the wife of Jia Yueting, founder of Chinese internet company LeEco, which was once a successful tech story but now faces a severe cash crunch.

Cyberfriends set out to prove worth to shoppers

Going shopping, even in a giant mall, can be a breeze, if you have a personal shopping assistant who takes all the pain away - giving you advice on which clothes suit you, guiding you to the nearest toilet, letting you in on the best stores for discounts and even lugging around the shopping bags.

Steel sector tempers pollution

China's iron and steel business is scaling back on over production and clamping down on pollution.

Online catering proves recipe for investor success

BEIJING - China's online catering sector is continuing to expand quickly, as more than 300 million meals are expected to be ordered online this year, according a recent industry forecast.

New businesses blossoming in Guangxi, China's 'home of jasmine'

NANNING - After processing tea leaves for different tea makers for 20 years, Shang Dasen decided to establish his own tea brand. Unlike many other tea makers, Shang's business, which he started in 2015 in his hometown in Southwest China's Guangxi Zhuang autonomous region, only produces and sells jasmine tea.

Engineering group ABB wants in on B&R projects

Swiss engineering group company ABB Group said it wants to get involved in Chinese EPC projects - or engineering, procurement and construction contracts - connected with the Belt and Road Initiative, to secure long-term returns.

Stocks go lower as catalysts awaited

BEIJING - China's main stock indexes were little changed on Monday, as investors awaited fresh catalysts ahead of a burst of data due over the next week. The blue-chip CSI300 index fell 0.1 percent, to 3,653.69 points, while the Shanghai Composite Index slipped 0.2 percent to 3,212.63 points.

Mainland set for quality growth

The Chinese mainland economy will see "slower but higher quality growth" in the second half of this year, Industrial and Commercial Bank of China International said, retaining its 6.7 percent full-year prediction for GDP growth.

Family-owned firms seek fresh blood in growth push

Chinese family businesses are looking for leaders for sustainable development and international competitiveness now that the decades of economic boom that coincided with China's reform and opening-up have ended, according to a senior executive of global executive search and assessment firm Russell Reynolds Associates Inc.

Reforms make pharma stocks funds' hot picks

State-owned financial institutions and private fund managers are investing in pharmaceutical shares, which are seen benefiting from a series of reforms.

US, Canada vie to satisfy China's voracious appetite for pork

BEIJING - Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market.