China COSCO Holdings singed contracts with two Chinese shipyards to buy four 64,000 deadweight ton bulk vessels and five 308,000 dwt very large crude carriers (VLCC) in a bid to upgrade its vast fleet.
Samsung Life Insurance Co Ltd, Bank of China Ltd, BOC Insurance Co Ltd, and China Aviation Industry Corporation (AVIC) signed agreements for shareholding stakes in Samsung Air China Life Insurance on Sunday to jointly promote mainland service.
Infant milk producer Biostime announced on Tuesday it plans to acquire a 100 percent equity in a Changsha Yingke dairy factory for 350 million yuan ($57.8 million) to boost its domestic production.
Major hepatitis B vaccine makers announced they failed to get certification for the new version of the Good Manufacturing Practice for Pharmaceutical Products.
The Ministry of Industry and Information technology ranked overcapacity as a major challenge in 2013, saying that outdated production lines involving 1,569 companies have been shut down in the last year.
The red-hot property market in 2013 pushed Beijing's land transfer fees to a record high of 182.18 billion yuan ($30 billion), 2.8 times that for 2012.
Beijing, Shanghai, Guangzhou and Chongqing, will be among 68 cities and areas in a pilot project to encourage the development of e-commerce, 4G telecom networks and cloud-based services.
Telecom giant ZTE Corp announced on Dec 31 that it has undergone organizational changes and will focus on three pillars in 2014; businesses-operators, mobile devices and enterprise businesses.
Tibet has achieved double-digit economic growth for 20 consecutive years, with an estimated regional GDP of more than 80 billion yuan ($13 billion) and a 12.5-percent annual increase achieved in 2013.
The Purchasing Managers' Index for December retreated to 51 from 51.4 in November, its lowest level since August, indicating weaker economic growth.
The country's economic planner vowed on Tuesday to stick strictly with the State Council's directory of investment projects that require government approval.
China's recent move to encourage farmers to transfer the using rights of their contracted land will enhance social equity and production efficiency, analysts say.
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