Bayer MaterialScience, a subgroup of the Bayer Group, plans to add a 50,000-metric-ton per year hexamethylene diisocyanate production unit to its existing integrated site in Shanghai to meet the rising need for high-performance end products.
US-based direct-selling company Nu Skin has been fined 3.26 million yuan ($525,950) for distributing products that were not registered for direct sale, the State Administration for Industry and Commerce said on Monday.
China's steel giant, Baosteel, announced on Sunday night that it plans to invest up to 50 million yuan ($8 million) to set up a joint venture with Shanghai Ganglian E-commerce Holdings in a bid to improve chattel mortgages in the industry.
Market forces will reduce China's industrial overcapacity, Su Bo, Vice Minister of Industry and Information Technology, said here on Monday.
Premier Li Keqiang maintains China's stance on reducing climate change, but says it is not an excuse for slowing down pace of industrial restructuring.
Chinese Premier Li Keqiang urged further work on saving energy and reducing emissions, according to an official statement released Sunday.
US intelligence agencies hacked into the email servers of the Chinese tech giant 5 years ago, fearing it a threat to US national security, media say.
Deepening reform in China will foster new impetus for economic growth and provide room and opportunity for the world economy, Vice Premier Zhang Gaoli said Sunday.
This new transformation will come with three key dimensions -- a firm destination, a clear roadmap and a deep sense of global responsibility.
Rapid urbanization can fuel inclusive growth and a more equitable income distribution, said Margit Molnar, economist of OECD.
Plan to launch unified national real estate registration this year to regulate the market and push forward urbanization.
Move will bring the users benefiting from the country's Fiber-To-The-Home program to nearly 200 million by the end of this year.
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