Chinese-Russian power plant comes online

YAROSLAVL, Russia - A major power plant built by a Chinese-Russian consortium has been officially brought online.

Alibaba woos US small business

China's e-commerce giant Alibaba Group chose Detroit, Michigan to stage its inaugural two-day Gateway '17 Summit, which kicked off on Tuesday and is designed to educate US small and medium-sized enterprises on the Chinese market and consumer demands to ultimately help them sell to China.

Moutai continues fight against poverty

A major baijiu beverage brand will pump 300 million yuan ($44 million) into fighting poverty in China in the next three years.

Tencent to roll out public service ads

Internet giant Tencent Holdings Ltd announced a plan to provide 2 billion yuan ($294 million) in advertising resources for public welfare organizations and projects.

Bus takes slow road to spread cash issues

For five years, a vehicle has traveled around China to spread the word to rural students about personal finances and money matters.

IN BRIEF (Page 18)

Mengniu invests big in farm titan

China Mengniu Dairy Company has invested more than 5 billion yuan ($73.2 million) in Modern Farming Group Co Ltd to manufacture pasteurized milk products and other low-temperature dairy products.

PC maker Tongfang set to make major healthcare investment

BEIJING - Tsinghua Tongfang Co, a technology arm of one of China's elite universities, is planning to acquire a stake in a maker of medical therapies, a deal that has the potential to emerge as the largest-ever investment in a Chinese healthcare company.

Massive power sector gears up for more restructuring

China's massive power sector is coming under increasing pressure to make progress under State-owned enterprise reform, in a bid to turn around the loss-making industry, analysts said.

Tax breaks stimulate corporate China

Editor's note: In the run-up to the 19th CPC National Congress, China Daily will cover a series of reforms, showcasing huge improvements in the country's services.

Policies boost entrepreneurship and keep economy ticking over

Tax cuts will be like a shot in arm for corporate China, fueling economic growth as well as forcing the government to keep a tight grip on spending.

VAT shake-up helps companies increase growth in taxing times

A massive tax shake-up has revitalized the service sector and stimulated economic growth.