China will approve the establishment of three to five private banks on a trial basis this year, the country's top industry regulator said on Monday.
China has set a course of major economic changes but extent and pace of implementation remains the big question, Andrew Moody reports
China must promote restructuring in exports and imports to aid the transformation and upgrade of industry as part of its efforts to cultivate new advantages in foreign trade, Vice Premier Wang Yang said on Friday.
Business activity in the service sector fell to a four-month low in December, with most industries striving to find new growth engines amid slowed exports.
Zhejiang Loong Airlines Co Ltd made its first flight on Dec 29, becoming the first new air carrier in China since 2007.
Chinese Vice Premier Zhang Gaoli on Friday said that accuracy is key for the data collected in the ongoing third national economic census.
China's oil demand in November fell 2.1 percent year-on-year to an average 9.9 million barrels a day, according to a report by Platts that was based on China's latest government data.
Trading value in China's futures market in 2013 reached 267.4 trillion yuan ($44.2 trillion), a 56.3 percent year-on-year increase.
Tsingtao Brewery acquired a local beer producer in North China's Hebei province, and launched a joint venture with another in Shijiazhuang, wrapping up a storm of expansion in 2013.
German insurance company Allianz has launched a new series of travel insurance products that include payouts for those who do not get enough sun during the Spring Festival holiday.
The Chinese government will use "environmental credits" to gauge companies' pollution control efforts and influence the treatment they get in various social aspects.
China Media Capital, together with Star China's management team, will acquire 21st Century Fox's 47 percent stake in Star China TV.
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