A former Chinese mining boss is trading the reins of a state-owned tourism firm for those of Chinalco, the Chinese aluminum giant on the cusp of doubling its stake in Rio Tinto Group.
Name-clearing took center stage last week in China's dairy industry, with one local brand declared safe for consumption and another global brand tested melamine-free.
Chinese state owned Chinalco will double its stakes and gain two seats in the Board of global mining giant Rio Tinto through a partnership deal worth 19.5 billion US dollars.
Trade is on ice as China's economy slows, with the latest data showing a year-on-year nosedive in imports of 43.1%. The staggering figures are the worst in ten years.
Just when the assets sales talks between mining giant Rio Tinto and Chinese state-owned Chinalco nearing its end, both announce the exit of their top-level personnel.
The on-going drought in northern China threatens production of winter wheat crops, but the country's food security remains sound - thanks to five years of surplus harvests and record-high grain reserves.
Four Chinese firms, including two state-owned enterprises, have been accused of collusion in the bidding processes for Phillippine infrastructure projects and banned from receiving World Bank funding.
After a stint in prison that left his firm without an adept at the helm, a former Chinese peasant is modeling his growing firm's corporate governance on a constitutional monarchy.
China's Yunnan province's latest scheme to build reserves of metal and fertilizer in aid of struggling producers affected by sinking prices has drawn skepticism over its effectiveness and risks involved.
A four billion yuan compensation scheme for victims of melamine-tainted milk is under consideration, while the police has also ended investigations into the dairy scandal that sickened some 290,000 children in China.
China is looking for ways to bolster its declining auto industry as the global economic outlook worsened and the need to kick-start domestic consumption became more salient.
After China's richest man Huang Guangyu came under investigation for financial crimes, his company -- Gome, the largest home electrical appliances retailer in the country, has undergone a management restructuring.
