XINING - China's western region is set to attract more investment as the country's top private companies are discovering great potential in the region.
Xiaomi Corp said on Tuesday it will buy back up to HK$12 billion ($1.53 billion) worth of stock after the Chinese smartphone vendor lost nearly a third of its market value so far this year.
China's delivery-based chain Luckin Coffee on Tuesday said it has turned Luckin Tea into an independent brand that runs its own operations and planned to use franchising to fuel its expansion.
The Shanghai Lingang Autonomous and Informationalized Vehicle Integrative Testing and Demonstration Zone, part of China's first "land, sea and air" self-driving comprehensive testing area for intelligent connected vehicles, is planning to set up a complete industrial chain for connected cars in Lingang, Shanghai.
BEIJING - Though she finished her work after the local farmers' market closed at around 7 pm, Chen Fang, a Beijing-based accountant, still managed to make five tasty dishes for her child's birthday.
AXA is a stone's throw way from becoming China's biggest foreign-funded property and casualty (P&C) insurer once the China Banking and Insurance Regulatory Commission approves its purchase of the remaining 50 percent stake of its joint venture in AXA Tianping, industry officials said.
Southwest China's Guizhou province is fast becoming the destination of choice for aluminum producers, as friendly policies and the easy availability of raw materials are spurring a shift from its erstwhile bases in central and eastern China, officials and experts said.
US sportswear maker Nike is testing market potential of Chinese cities beyond Beijing and Shanghai. It believes localization as a strategy in China will help the brand better present itself to the whole world.
Reform and opening-up are set to add value to China's healthcare industry.
BAGHDAD - Days of sizzling heat have engulfed Iraq in another muggy summer and Chinese-made air conditioners have become popular among local customers because of their advanced technology.
NEW DELHI/BANGKOK - On a lawn near New Delhi's iconic India Gate, Noor Afshan and Prem Vatsa start their video shoot for the day. With a camera aimed at the gate, the duo take their positions, smile and dance merrily to an Indian tune.
In her deep purple silk embroidered shirt and a sky-blue scarf, Zhao Yanjing looks more like a university teacher than the founder and CEO of China's top maker of brake system materials.
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Raymond Zhou
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Chen Weihua
