China bought 10,000 metric tons of rare earths in one week earlier this month, said two people familiar with the matter, as the country continues to stockpile the metals used in batteries and magnets amid international pressure to ease export quotas.
Chinese handset maker Xiaomi Corp nearly tripled its smartphone shipments in the second quarter, beating longtime market leader Samsung Electronics Co Ltd in China, the world's largest smartphone market, an industry report said.
Premier Li Keqiang has pledged more financial support for new businesses to encourage entrepreneurship amid the continuing downward pressure on the Chinese economy.
China has approved the establishment of three private banks, a landmark effort for the government to open up the state-controlled financial market to private investors.
Banks can make new loans to small and micro enterprises if the companies have problems in repaying an old loan, according to a new government policy.
"We have seen the growing demand from employers for business talent with extensive experience in China and the West."
Finance
Nestled off a bustling street at the center of Brazzaville, the compound of Beijing Uni-Construction Group Co Ltd (Congo) is quiet this hot morning.
Liu Jun doesn't look like a man who is in the middle of a whirlwind international business trip on which he has visited six countries in a matter of weeks.
Huawei Technologies Co Ltd said first-half smartphone shipments rose 62 percent year-on-year, as it targeted the more expensive smartphone sector dominated by South Korea-based Samsung Electronics Co Ltd and Apple Inc.
Chinese search engine leader Baidu Inc, widely known as the Google of China, is following in the Western Internet giant's footsteps by working on its own version of a self-driving car.
Services overtake manufacturing as biggest contributor to growth
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