China is inching closer to ending the State monopoly in the oil sector after it allowed a Xinjiang-based private energy firm to import crude oil, industry sources said on June 4.
An increasing number of Chinese property developers are facing bankruptcy as their credit dries up and weak sales reduce their cash flow to a trickle.
For several years the central government has gone all out to curb home price increases, but one city has now introduced measures to stop prices from falling too much.
The city of Qingdao is best known for Tsingtao beer, its German connections and the sprawling coastline that make it one of China's best holiday spots.
Qingdao hopes to transform its oldest port area into an international pleasure cruise hub.
"If the nation fails to realize its energy saving and emission reduction targets for 2015, it will be even harder for it to reach the 2017 target for improving air quality and cutting emissions."
Finance
Taking the road less traveled can not only bring in profits but also help build sustainable relationships, as Shantui, a Chinese heavy machine maker, discovered recently in South Africa.
Early in the morning, Rudy Manuel accompanies his father to the farm of their Chinese agricultural partner to sell their rice.
The China (Shanghai) Pilot Free Trade Zone will name the first institutions that can replicate its model nationwide in the fourth quarter, a senior official of the zone said on May 26.
China will be at the center of the developing global framework of investment governance, with the world's second-largest economy set to become a net exporter of investment, an official of the United Nations Conference on Trade and Development told China Daily on May 26.
The overall value of Chinese brands is rising but is not reaching global levels. That signals they need internationalization, according to the 2014 BrandZ Top 100 ranking.
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