Caterpillar Inc said it plans to open a new manufacturing facility in China to produce undercarriage components used in hydraulic excavators, Reuter reported Tuesday.
India's largest jewellery retailer Gitanjali Gems Ltd will acquire a Chinese manufacturing unit and jewellery retail firm by the end of 2011 as it looks to expand its global footprint and boost sales.
China will continue to fight inflation resolutely in the second half, and the economy still has great potential for rapid growth in the near future, said an official of the NDRC.
Buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group Co Ltd through convertible bonds.
The index would more accurately reflect domestic market and give China a greater say in global pricing
China's Ministry of Railways said in a report that profits made by its companies stood at 4.29 billion yuan ($670 million) in the first half year of 2011, while it recorded more than 2 trillion yuan in debt.
A lingering drought has caused water shortages for 4.28 million people in China, the country's drought relief authority said on Monday.
A dozen escalators for the capital city's Yizhuang subway line have been recalled because they have the same risk of malfunction as the one that took the life of a 13-year-old boy on July 5.
The price for a parking space has hit a record 400,000 yuan ($61,963) in Xi'an, where the average price of a new home is 5,398 yuan per square meter.
Air transport associations and 21 airlines from home and abroad expressed strong opposition at a seminar on Monday against an EU plan to force countries into its Emissions Trading Scheme.
The Beijing-Shanghai high-speed railway was not as popular in its first month of operation as many had expected.
The Guangxi Zhuang autonomous region is seeing its most serious electricity shortage, leaving 30 percent of the region's demand for electricity unmet, local power authorities say.