China Unicom (Hong Kong) Ltd, the country's second-biggest mobile-phone operator, offered a cheaper iPhone package amid rising competition with larger rival China Mobile Ltd in the world's biggest wireless-phone market.
Hutchison China MediTech Ltd, the pharmaceutical arm of Hutchison Whampoa Ltd owned by billionaire Li Ka-shing, announced on Tuesday that it will enter the Chinese infant-formula milk powder market through cooperation with Hain Celestial Group Inc, a leading US natural and organic products company.
It is the busiest season for Gree Electric Appliances, China's largest maker of air conditioners. The temperature has reached 32 C in Zhuhai, the southern coastal city where Gree is headquartered. In Gree's 800,000-square-meter factory complex, workers in navy blue uniforms brave the summer heat to pack approximately 2,000 air conditioners in a storage bungalow, while 10 trucks are lined up to take the air conditioners to a port 10 kilometers away.
China International Capital Corp (CICC), the nation's top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a trust, said a person with direct knowledge of the matter.
If you were the big boss of a world renowned technology firm, where would you send your potential successor? For Paul Otellini, chief executive officer of the world's biggest chip maker Intel Corp, the answer is China.
The United States launched more Section 337 investigations against China in the past five years than in the last 20 years.
China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight inflation, because RRR rises disproportionately hurt private-sector businesses, according to a senior economist.