China Railways Corp, the country's rail operator, plans to purchase 500 bullet trains with an operating speed of 350 kilometers per hour from China Railway Rolling Stock Corp by 2020, it said in a statement on Monday night.
British food and drink exports saw record growth in the first half of this year, rising by 8.5 percent year-on-year, buoyed in part by a 35 percent increase in exports to China, according to a report of UK's Food and Drink Federation.
Real estate developer China Poly Group Corp's merger with Sinolight Corp and China National Arts and Crafts Group marks a future trend in China's ongoing efforts to improve its State sector, an expert said.
Tencent Holdings Ltd, the operator of China's largest social media network WeChat, is extending into e-commerce by empowering industry players through its 8-month-old in-app feature.
China's top banking regulator has approved the commencement of business of the first direct bank that will operate as an independent legal entity in China.
Chinese co-working space startup UR Work is introducing an immersive, cashier-free and digitally-enhanced experience in its offices, where face recognition and digital payment technologies allow for the removal of the human element.
China's Great Wall Motor intends to buy Jeep from Fiat Chrysler Automobiles NV, which analysts believe could give the country's largest SUV maker a boost to go upscale.
After years of booming sales, China's smartphone market is showing signs of saturation, according to a recent report showing that growth in the market slowed in the first half of this year.
The Board of Governors of the New Development Bank, formed by the ministers of finance of the BRICS nations, intends to approve at least $32 billion in loans by 2021, according to the bank's general strategy for 2017-21.
The $11.7 billion ownership reform plan of China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, has been approved by the country's securities authority, causing shares of its two listed units to skyrocket on Monday.
BEIJING - Jack Ma, the charismatic head of Alibaba, and Ma Huateng, CEO of Tencent, are locked in a tense race to become the richest person in China and Asia. With market values of more than $300 billion each, Alibaba and Tencent are now China's biggest companies, a stark contrast to just five years ago when no tech company even made the top 10.
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