China dismisses Moody's downgrade as "inappropriate"
China's Finance Ministry Wednesday dismissed a decision by international rating agency Moody's to downgrade China's credit ratings.
Trade
China seeks balanced trade, investment with U.S.
China is willing to work with the United States to realize balanced development of trade and investment, a research report by the Ministry of Commerce (MOC) said Thursday.
Industries
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Chinese banks join global payments innovation to facilitate B&R construction
This announcement brings the number on Chinese banks taking part to 13, which together represent an estimated 80 percent of Chinese cross-border payments.
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Chinese industrial companies post strong growth in first four months
China's major industrial firms posted double-digit profit growth in the first four months of this year on the back of a firming economy, the National Bureau of Statistics (NBS) said.
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Companies
Airbus starts building helicopter plant in China
Airbus Group's helicopter manufacturing arm began construction of its first assembly line for commercial aircraft in China Saturday.
Alipay launches localized app for Hong Kong users
Alipay announced on Wednesday that it would launch AlipayHK, a version dedicated to local-currency payments in Hong Kong.
Geely agrees to buy 49.9 pct stake in Malaysia's Proton
Geely Holding Group has agreed to buy a 49.9 percent stake in Malaysia's national carmaker Proton from its owner DRB-HICOM Group, the two sides announced Wednesday.
