Two government sources told Reuters that China's State Grid International Development Ltd., the world's largest utility, is eyeing to buy minority stakes in Brazil's CPFL Energia SA for 20 billion reais ($6 billion).
China Securities and Regulatory Commission (CSRC) has announced that the U.S.-China Strategic and Economic Dialogue (SED), which was held in Beijing in June, confirmed that qualified foreign and joint-venture companies in the country can now be registered as private securities firms with the Asset Management Association of China (AMAC), China Daily posted on Friday.
CRRC Sifang Co. Ltd, a China Railway Rolling Stock Corp. subsidiary, clarified that its trains in Singapore are safe. This comes after foreign media reported that its metro trains are being shipped back due to various issues including insufficient battery system.
China's e-commerce giant Alibaba and SAIC Motor, the country's biggest carmaker, have launched on Wednesday, July 6, the Roewe RX5, a sports utility vehicle (SUV) dubbed by the two companies as "the world's first mass-produced car on the Internet," CNBC.com reported.
Though a Bloomberg survey noted that nine out of 15 respondents said that a government-backed recapitalization could happen in Chinese banks in two years as non-performing loans increase, experts argue that this move is deemed unnecessary, the Global Times reported.
The chief executive officer of Royal Caribbean, Michael Bayley, said that it is highly possible that China will hold the largest share in the market of international luxury cruise ships.
Wal-Mart's labor problem is not only in the U.S. A strike started last week in its China operations over new work schedules designed to overhaul the retail giant’s struggling business in the Asian giant due to competition from e-commerce sites and the economic slowdown.
Chinese e-commerce giant Alibaba teamed up with the nation's largest automaker SAIC Motor to demo a smart car equipped with the YunOS operating system on July 6, Wednesday. The web-connected car that links to smartphones is scheduled to go on sale sometime this year. Meanwhile, the tech company hopes the "Internet car" will help it to develop autonomous vehicle (AV) technology faster.
Apple's iPhone is continually losing share in the Chinese mobile phone market, a new research study revealed.
Government-owned China State Shipbuilding Corporation (CSSC) and Italian shipbuilder Fincantieri Cantieri Navali Italiana SpA are set to formalize their joint venture in Hong Kong. The venture is valued at 25 billion yuan or $3.74 billiion.
Swedish furniture maker is urged by angry consumers to recall products as what they did in the US
The Chinese government recently built a "bad debt bank" using state assets in the municipality of Chongqing.
China tweaks the computation of the country’s gross domestic product to include expenses made for research and development, bringing its 2015 GDP to around $130 billion.
China’s assistance is expected to increase the chances of Greece to remain within the European Union (EU) and the Eurozone, following the visit of Greek Prime Minister Alexis Tsipras to China that began on Saturday, July 2, and the ratification of a deal by Greek Parliament to sell a majority stake in the Piraeus port to COSCO, the Global Times reported.
China is sending supervisory teams all over the country to determine why the investments in private sector have significantly slowed.
