IN BRIEF (Page 18)

Internet giants in new spat

Two of China's leading internet companies have contacted the police over each other's alleged "malicious public relations maneuvers", taking the duo's monthlong friction to new heights.

Baidu eyes return to A-share market via CDR issue

US-listed Chinese internet search giant Baidu Inc said it is assessing the possibility of issuing Chinese Depositary Receipts to list in the domestic A-share market, according to documents submitted to the United States Securities and Exchange Commission.

Diageo to top up stake in baijiu maker Shuijingfang

Alcoholic spirits producer Diageo Plc said it has proposed increasing its stake in Chinese baijiu maker Sichuan Shuijingfang Co Ltd to up to 60 percent through a partial tender offer.

Subsidy cut to cool solar sector

New rules to reduce national feed-in tariffs for the photovoltaic industry will stabilize China's rapidly growing and overheating solar power sector, and make electricity cheaper for consumers in the long term, according to analysts.

Nation's clean energy endeavor bears fruit

Three homemade typhoon-resistant offshore wind turbines, among the world's most powerful, have been running at full power since mid-May in Xinghua Gulf, East China's Fujian province.

Move may lead to drop in global installations

Beijing's new policy to eliminate subsidies for most of its solar projects might lead to a drop in global solar installations and introduce short-term disruption for industry participants globally, analysts believe.

Rural areas need financial education

Financial education and fostering the financial capabilities of the public are important tasks to promote financial inclusion in China, according to academics and financial service professionals.

Overseas graduate returnees seek opportunities in new first-tier cities

China is embracing a massive influx of returnees, as a growing number of overseas-educated graduates return to the country to seek job opportunities, a recent report found.

Inner Mongolia cuts coal capacity

The local government of the Inner Mongolia autonomous region has confirmed its goal to cut 11 million metric tons of annual coal production capacity in 2018, while ensuring the market remains steady with a supply of premium products.

Share prices plunge to two-year low

Chinese stocks gave up early gains to close at a two-year low on Monday, as a reserve requirement ratio cut could not outweigh weak sentiment from trade tensions, the weakening yuan and deleveraging efforts.

Reforms drawing IPOs back to mainland

China's quickened reform of the A-share listing mechanism is set to lure more overseas listed unicorn companies back to the mainland capital market, according to a survey by consultancy PricewaterhouseCoopers released on Monday.