Net income soared to $1.4billion for the last quarter of 2013, compared with $642million a year earlier.
Buyers have lowered expectations about signing deals at the Canton Fair, largely due to weaker European demand and a different sourcing model by US companies.
In March, a dispute-settlement panel at the WTO sided with the U.S., Japan and EU in their complaint China’s quotas didn't reflect domestic trading restrictions, and instead sought to fulfill industrial objectives.
The deal, led by Minerals and Metals Group (MMG), a unit of state-owned China Minmetals Corp, is one of the largest mining acquisitions in recent years.
If any US company can add another $7 billion in revenue in China over next decade, 3M is the most likely.
The sudden upturn in the city's property market came in line with a report saying the city in north China’s Hebei Province has been named by the central government as its "Deputy Political Center".
The Chinese are first in line when it comes to online shopping, with one in seven turning to the Internet for a purchase every day and more than 60 percent shopping weekly.
The push to get into the Chinese legal services market has been heating up with the announcement that Ernst & Young, one of the “Big Four” auditors, have acquired Shanghai-based law firm Chen & Co.
The state-owned conglomerate dominating 80 percent of the country’s power network is mulling detailed measure to attract private investment for three units.
Total inventory of the 20 monitored cities including Beijing, Shanghai and Shenzhen hiked 84.o1million ㎡ by the end of March, representing a 16.3 percent growth on a yearly basis.
The Beijing-based company, a unit of HK-listed Chinese software company Kingsoft Corp Ltd intends to get listed at the New York Stock Exchange (NYSE) to raise $300million.
The resignation which came a year after Mr. Chang took the post and before the first Model S are delivered to Chinese customers may signal a possible change of organizational structure, sources said.
The department store operator said Alibaba will invest HK$5.37 billion ($692.25 million) in the group and form a joint venture to develop online-to-offline (O2O) business.
China signed a new 10-year accord on Wednesday allowing Airbus to assemble A320 planes on its soil until 2025 and unblocked orders for larger jets worth more than $6 billion.
China's state-owned conglomerate CITIC Group is planning to list in Hong Kong by reversing into its CITIC Pacific unit.
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