Retail sales last golden week affirm the recent transformation in spending behavior of Chinese consumers. From being a traditionally savings-oriented society, personal consumption is catching up with capital formation in fueling economic growth.

WangYou Media, a leading cross-media entertainment services provider in China focused on user-generated content (UGC), funded by Charles River Ventures, announce in a statement today that it has established a strategic partnership with China's top search engine Baidu.com  in development and promotion of Web-based multi-media content.

In addition to yuan re-evaluation, recent adjustments on tax rebate policy are seen to impact differently on export profitability of many listed companies in textiles, iron and steel, colored metal, coal, machinery, pharmaceutical, and electronic information industries.

Wal-Mart launched its first credit card in China over the weekend, co-branded with Bank of Communications, the Wall Street Journal reported.

Since the government has drafted a series of energy-saving objectives the market for energy-saving products will be given a small foundation to grow on. China News investigated how such products could overcome the  current resistance and become popular in the Mainland.

Wacker-Chemie GmbH AG's China sales may increase by more than half this year as the German maker of chemicals for consumer products and supplier of silicon wafers to Intel Corp. and Samsung Group taps rising demand.

Weichai Power, a major diesel-engine maker in the Mainland, will gain a dual listing in Hong Kong and China after the completion of its strategic merger with Torch Automotive gRoup, a Shenzhen-listed heavy trucks and gearboxes producer, The Standard reported.  

Although China’s rare earth reserves are among the highest in the world, experts said that current mining techniques and pricing strategies are damaging to the sector. What can the industry do to exert greater influence at home and aboard? Economic Information Daily reported.

Time Warner is in talks with Shanghai Shimao to add movie screens in Shanghai to attract patrons to Hollywood films, The Standard reported.

Dutch publisher Wolters Kluwer has received regulatory approval to open in October what will be China's first foreign-operated bookstore for professional publications, Forbes reported, citing the Financial Times.