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China has approved the operation of Allianz (China) Insurance Holding Co Ltd, the first fully foreign-owned insurance holding company in the country, marking a major step toward the liberalization of domestic financial markets.
Mercedes-Benz (China) Auto Sales and Beijing Benz Automotive will recall hundreds of thousands of E-Class models over safety concerns with their shock absorbers, according to China's top quality watchdog.
Southwest China's Yunnan province saw foreign trade rise 17.6 percent year-on-year to 186.4 billion yuan ($26.6 billion) from January to October.
Guangdong's trade volume with Greece increased 35.6 percent year-on-year to 10.36 billion yuan ($1.48 billion) between January and October this year, data released by Guangdong Customs revealed on Thursday.
China is stepping up efforts to support pig farmers and consumers to boost the supply of live pigs and curb surging pork prices.Premier Li Keqiang said the government will take key measures to stabilize agricultural production, drive the recovery in live pig supplies, cancel unreasonable regulations prohibiting and restricting the breeding of live pigs to ensure supplies and bring down soaring prices.
Swiss pharmaceutical giant Roche Group - which established the first foreign-funded research and development center in Shanghai in 2004 and was the first multinational enterprise in Shanghai Zhangjiang Hi-Tech Park in 1994 - announced the completion of a new innovation center in the city on Oct 21.
Defying almost five months of violent protests that have rocked Hong Kong and weighed on investor sentiment, Chinese mainland e-commerce behemoth Alibaba Group Holding is giving Asia's financial center a vote of confidence with its secondary listing that could raise up to $13.4 billion.
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