Russian high-tech giant eyes closer cooperation

MOSCOW - Russian high-tech conglomerate Rostec Corporation is ready to strengthen cooperation with China on the development of military and civilian products, its CEO said.

Foreign merchants cash in on Chinese commodity expos

TAIYUAN - Abdul Aleem Baig from Pakistan gave himself the Chinese name Yang Guang (Sunshine), which describes his mood when he runs his leather jacket business in China.

Dairy players enjoy healthy profits

Chinese dairy major players have enhanced their market presence by focusing on innovation, with China Mengniu Dairy and Inner Mongolia Yili Industrial Group Co Ltd exceeding market expectations in their half-year report of 2017.

Shipbuilders may shift focus to cruise market

Chinese shipbuilders are becoming more interested in the cruise liner market, as cruise shipbuilding accounted for 43 percent of global new shipbuilding orders last year, sources said.

High-speed trains impacting China airline earnings

China's three major State-owned airlines, Air China, China Southern Airlines and China Eastern Airlines, all pointed out the impact from high-speed trains in their latest half-year earnings reports, and only China Eastern achieved positive growth in net profits.

Postal bank planning 2nd offering

Hong Kong-listed Postal Savings Bank of China, the largest lender by number of branches on the mainland, said it plans to raise some 5.17 billion yuan ($785 million) through listing in Shanghai Stock Exchange.

Construction company's net profit surges in H1

Sany Heavy Industry Co, one of China's top three construction machinery manufacturers by production volume, reported on Tuesday night that its sales revenue was up 71.2 percent year-on-year to 19.2 billion yuan ($2.9 billion) in the first half of this year.

State-owned builder reports uptick in first-half earnings

State-owned rail builder and engineering company China Communications Construction Company saw an uptick in its net profit in the first half of 2017. The company also vowed to promote the transfer of equity interests in its subsidiary company, though it was not included in the pilot mixed-ownership reform scheme.

Investment by Sinopec creates jobs

Major energy company has injected $3 billion into Inner Mongolia region

Blockchain helps unblock funding

A crowdfunding site has launched an online charity to raise cash for chronically ill patients.

Pfizer plans to bring down heart disease deaths in China

A cardiovascular disease project, targeting people at grassroots level, as well as the doctors who treat them, was launched on Aug 11.

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