Qingdao Doublestar Group, one of the oldest rubber companies and a leading tire manufacturer in China, may acquire a 42.01 percent stake in South Korean tiremaker Kumho Tire Co Inc, according to a Doublestar statement on Monday.Shenzhen-listed Doublestar would invest about 955 billion won ($830 mill...

Shi Yu/China DailyInitiative aims to achieve industrial breakthroughs and increase nation's competitivenessChina is to further promote the manufacturing sector after recently releasing 11 guidelines to implement the "Made in China 2025" strategy, with a focus on areas such as smart manufacturing, hi...

Rio de Janeiro-bound Chinese equestrian Alex Hua Tian, the only Chinese rider qualified for the upcoming Olympics, announced on July 26 he would take Don Geniro, a 9-year-old horse, to Brazil. He passed up Harbour Pilot C, a 17-year-old racing horse that had long been seen as Hua Tian's first choice...

Premier Li Keqiang visited Shiyan, Hubei province on May 23 and reiterated that we should ensure tax burdens are reduced in all industries while implementing VAT.It has been nearly one month since the overall implementation of VAT.When visiting a branch of Shiyan Rural Commercial Bank, Hubei provinc...

Growing acceptance of the sport may help bring in more sponsors In one race the contestants are like gladiators fighting for supremacy in an amphitheater, and in the other the big adversary is the fiercest ocean storms you can imagine. The first event calls for tactical knowledge in a race that can ...