Kweichow Moutai Co Ltd, China's signature high-end spirit maker, announced on Thursday that it would raise the prices of its products by an average of 18 percent next year.
Stock market fluctuations and increased supplies were responsible for the recent drops in convertible bond prices, analysts said.
Profits of China's industrial enterprises grew at their slowest pace in seven months in November, but analysts said the profit growth of those firms will not fall sharply in the coming months.
LG Display Co, one of the world's biggest manufacturers of display panels used in smartphones and televisions, will invest 5 trillion won ($4.7 billion) to build an OLED, or organic light-emitting diode, panel production plant in Guangzhou, capital of Guangdong province.
China will solve the problem of renewable energy going to waste by 2020, the head of the National Energy Administration said on Tuesday.
Zhejiang Geely Holding Group will become the largest shareholder of AB Volvo by capital after it agreed to acquire 8.2 percent equity and 15.6 percent voting rights in the Swedish manufacturer of trucks, buses, construction equipment and engines.
China will extend its favorable tax policy for new energy vehicles to the end of 2020 to stimulate the innovation and development of electric cars, plug-in hybrids and fuel cell cars, the Ministry of Finance said on Wednesday.
Shanghai taxi operator Qiang Sheng has inked strategic cooperation agreements with three partners including the new energy vehicle arm under the State Grid to enter the increasingly popular online ride-hailing sector as part of its efforts to enhance the overall service quality of the city's taxi industry.
The nation's top economic regulator is paying close attention to the factors surrounding a surge in the price of mobile phone storage chips, with the activities of some major chipmakers such as Samsung causing the government particular concern, according to people familiar with the matter.
The price of memory chips, key components in mobile phones and computers, is likely to continue rising until the end of 2018, when the technology matures to enable greater production capacity, analysts said on Tuesday.
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