IN BRIEF (Page 18)

Battery maker to set up unit in Germany

Contemporary Amperex Technology Ltd will invest 240 million euros ($281 million) on a production base in central Germany, as part of the company's efforts to expand its presence in Europe.

Starbucks confident on China turnaround

Starbucks Corp's outgoing Executive Chairman Howard Schultz told Reuters on Monday that a recent slowdown of its business in China would be short-lived, seeking to ease investor concerns that the US coffee chain is under pressure in the fast-growing market.

Deleveraging efforts at central SOEs gather speed

China has stepped up its efforts to reduce leverage and debt at its centrally administered State-owned enterprises by asking the national assets regulator to sign liability certificates with six central SOEs.

Hainan eyes sustainable development route

Hainan Governor Shen Xiaoming reiterated that the province will wean itself away from too heavy a reliance on property, instead focusing on sustainable development in areas such as tourism, modern services and high-tech industries, in line with the blueprint charted by the central government.

Tropical paradise welcomes the world

The tropical island province of Hainan is transforming into an international tourism destination in line with the central government's development blueprint, focusing on upgrading its tourism products, infrastructure and services.

Philips to grow China investment

Dutch multinational Royal Philips NV said it is bullish on the growth potential of personal health products in China and will continue to expand its investment in the country, as Chinese consumers increasingly pursue high-quality lifestyles.

Hand-pulled noodles make a splash in New York

NEW YORK - Groups of men regularly gather at the gate of a small noodle shop at noon in midtown Manhattan, chatting about office affairs while waiting for mouthwatering hand-pulled Chinese noodles to be served.

Settlement regulations to benefit smaller players

China's third-party payment providers now face stricter rules requiring them to be connected to a central clearing house for settlement, part of Beijing's broader oversight of the burgeoning market as it upholds financial security.

Xiaomi stumbles on HK debut

Xiaomi experienced a weak trading debut in Hong Kong as its once-highly anticipated initial public offering faced muted demand.

Tencent's music streaming unit to list shares in US bourse

Tencent Holdings Ltd's plan to spin off its music-streaming unit and list shares in the United States marks the fresh revival of an industry that has often been plagued by piracy, industry experts said.

Equities edge up on reform moves

Chinese stocks increased by more than 2 percent on Monday as China will further open its stock markets to foreign investors and expected easing of the trade conflict between the US and China.