Biz China Weekly

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China H1 economic growth in line with expectations: premier

The performance of Chinese economy in 1st half of the year was steady and in line with expectations, and China is confident of achieving its main full-year development targets.

Industry

Two Chinese trains dashing at world-record speeds in opposite directions passed each other on parallel tracks on Friday, in the latest feat achieved by China in high-speed rail.

In-depth

  • China disclosed mid-year economic health check, showing that the economy is generally in good shape and on track for stable economic growth and restructuring.

  • A mega-merger in China's tourism sector marks the latest step forward in the country's drive to improve the efficiency of its bloated state-owned enterprises (SOEs).

Companies

Chinese online travel agency Tuniu is taking on rivals Ctrip and Qunar for a bigger share of the country's online tourism market by expanding services to flight and hotel bookings.

China's home appliance manufacturer Midea said Thursday that it is set to increase its stake in German robotics maker Kuka to above 70 percent.

AMC Entertainment, a U.S. chain owned by Dalian Wanda, announced it has entered into a definitive deal to acquire leading European cinema operator Odeon & UCI Cinema Group.