China's inflation rate hit a three-year high in July, posing challenges to policymakers amid turmoil in the global financial markets.
China Merchants Bank, the country's fifth largest bank by market value, said on Tuesday that its first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan ($2.87 billion).
Chinese automakers are keen to raise their presence in emerging markets especially in Brazil through the establishment of manufacturing facilities, after gaining a foothold in the vehicle export market.
Canon Inc, one of the world's largest camera makers, will have its camera factories fully back in operation by October as it overcomes disruptions caused by the giant March earthquake.
Baidu Inc will partner with Bayerische Motoren Werke AG (BMW) to provide search services in the German automobile maker's vehicles, part of its drive to push search services onto more platforms.
Lenovo Group Ltd launched its second smartphone on Monday to penetrate the emerging mobile Internet market and compete with international rivals such as Apple Inc and Research In Motion Ltd.
Rare earth prices will remain bullish in the second half of this year, but won't be higher than the first half's level, as companies in downstream activities halt production due to expected high operating costs.
Gansu province, a leading wind power center in China, is scheduled to become China's first province to have more than 10 gigawatts (gW) of installed wind capacity.
In July, China's automobile industry reported the lowest sales for passenger vehicles for 12 months, excluding the short month of February.
Chinese equities plunged on Monday as the US credit rating downgrade jolted financial markets amid fears that the global economy may be heading back into recession.
China and the US have reached a consensus on tapping the potential of cooperation to improve the quality of Chinese consumer goods through more training programs for manufacturers.
China Everbright Bank said that its net profit rose 34.77 percent year-on-year to 9.21 billion yuan ($1.43 billion) in the first half of this year.