South Korea's Lotte Shopping said on Thursday that it has agreed to sell 21 Lotte Mart hypermarket and supermarket stores in China to Wumart Stores Inc for around 248.5 billion won ($230.2 million).
With United States Treasury Secretary Steven Mnuchin about to lead a delegation to China in the coming days to ease bilateral trade tensions, US experts have challenged their government's accusations against China.
China started fuel loading Westinghouse Electric Co's first next-generation nuclear reactor in Sanmen nuclear power plant in Zhejiang province on Wednesday night after getting government approval, China National Nuclear Corp and Westinghouse said in separate statements.
A detailed guideline was released on Wednesday to advance the building of the four brands of Shanghai - services, manufacturing, shopping and culture.
China's move to open up its automotive industry is winning applause from international carmakers at the ongoing Auto China, the biggest car show in the world's largest car market.
China's industrial sector made a strong start in the first quarter, with the industrial value-added output rising 6.8 percent year-on-year, the Ministry of Industry and Information Technology said on Wednesday.
China's monetary authority eased liquidity tensions in the banking system when the innovative capital injection measures took effect on Wednesday, which will not change the regulator's determination in the long-term goal of financial deleveraging in a tightening regulatory environment.
The final countdown for the debut of China's tightened asset management regulation has begun, with a possible launch by the weekend, which would restrict banks from investing in high-risk and short-term funding vehicles and further ease financial vulnerability, sources said.
As the starting point of the ancient Maritime Silk Road, Fujian province is striving to restore its significant role with the aid of digital technology, said a senior official of the provincial government.
China will accelerate steps to develop the industrial internet and publish a guideline to promote the digitalized, intelligent and internet-powered development of the nation's manufacturing sector, said a leading official on Monday.
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