Nuclear giant waits for green light

Westinghouse Electric Co said it is looking forward to carrying the delayed third-generation reactor projects in China forward this year - the world's first Westinghouse AP1000 in Sanmen, Zhejiang province and Haiyang, Shandong province.

Leshi shares fall after Sunac issues profit warning in HK

HONG KONG - Sunac China Holdings Ltd, the country's No 4 real estate developer, said its investment in Leshi Internet Information& Technology Corp was a failure and would book a $2.6 billion charge, sending shares in the embattled tech firm sliding.

Telecom firms post growth in earnings

The total revenue of the country's three telecommunication operators amounted to 1.4 trillion yuan ($223 billion) last year, with net profit reaching 133.3 billion yuan owning to strong demand for faster wireless data services.

Midea, Kuka launch new smart park

Midea Group and its German robotics and automation partner Kuka AG commenced construction of a joint smart manufacturing industrial park on Thursday in Foshan, Guangdong province.

Fosun banking on AI to extend reach

Fosun International, one of the largest private conglomerates in the Chinese mainland, is looking to bankroll a big effort in biotechnology and artificial intelligence, a move that will essentially help the acquisitive company lead the pack in the next technology breakthrough and build up an investment empire of billion-dollar companies.

Lenders' asset quality improving on credit reforms

Two of the largest State-owned commercial banks in China recorded a significant improvement in their asset quality last year, as a combined result of several factors including the adjustment of their credit structures and acceleration of the disposal of nonperforming loans.

Bayer launching new female health program

German industrial giant Bayer Group is joining hands with the China Women's Development Foundation to launch a program aimed at enhancing healthcare for women in China.

Japanese firm to promote conservation

The Center for Environmental Education and Communications and Kao Holding Co Ltd, a Japanese chemical and cosmetics company, kicked off a joint campaign to promote water conservation in Beijing, to mark the 26th World Water Day on March 22.

PepsiCo unveils new plan to tackle global water crisis

PepsiCo observed World Water Day on March 22 by offering a plan to tackle the international water crisis - namely through innovation, green production, water recycling and greater access to safe drinking water.

IN BRIEF (Page 18)

Vanke eyes services as tight supply era ends

The era of overall shortage has ended in China's property market, but new issues of unbalanced allocation and undeveloped services have emerged, said China Vanke Co's Chairman Yu Liang.

HNA's plane leasing unit sells 41 aircraft

Bohai Capital Holding Co Ltd, a finance leasing company and a sub-affiliate of HNA Capital, said its wholly-owned aircraft lessor Avolon Holdings Ltd has sold 41 aircraft to Sapphire Aviation Finance I Ltd, as the troubled HNA continues to sell assets to improve liquidity.