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China witnesses surge in tourist numbers

China witnesses surge in tourist numbers

China witnessed a surge in tourist numbers on Friday, the first day of the week-long Lunar New Year holiday, official data showed on Saturday.

Macro

China industrial firms post profit rise in 2016

China industrial firms post profit rise in 2016

China's major industrial firms ended their period of profit losses and reaped good returns in 2016 on the back of a construction boom, the National Bureau of Statistics (NBS) said Thursday.

Industry

Companies

China to protect steel pipe companies' legitimate rights

China to protect steel pipe companies' legitimate rights

The Ministry of Commerce (MOC) said on Friday that it will take the necessary steps to protect the legitimate rights of Chinese companies following anti-dumping measures taken by the European Union.

Leading electricity company to curb thermal power investment

Leading electricity company to curb thermal power investment

China Guodian Corp. (CGC), a leading electricity company, will cut its investment in thermal power projects to slash overcapacity and shift toward clean energy.

Alibaba's financial arm to acquire MoneyGram

Alibaba's financial arm to acquire MoneyGram

Ant Financial, e-commerce giant Alibaba's financial arm, announced late on Thursday that it has reached a deal to acquire U.S. money-transfer company MoneyGram for 880 million U.S. dollars.

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