STMicroelectronics and Hynix Semiconductor, two of the world's largest semiconductor manufacturers, today officially opened their joint front-end memory-manufacturing facility in Wuxi City, Jiangsu Province, China.

China plans compulsory commercial reserve system, alongside with government’s strategic oil reserve, to consolidate and optimize oil reserve structure, Beijing Morning Post reported.

The new government regulation on forbidding office usage of residential building is a double-edged sword that may not be helpful in curbing property prices, Economic Information daily reported.

China’s export structure has undergone rapid changes from over-reliance on cheap products to high-tech products that can make much more profit, FTChinese.com reported.

National Bureau of Statistics released figures that China's GDP hit a total of US$1.15 trillion in the first half, a 10.9 percent year-on-year increase. It grew 11.3% in the second quarter.

The Chief of Machinery Industry Economic and Management Research Institute, Sun Baihai, stated that the government should realize “national products first” policy, allowing China auto brands to have a better position in government auto team, Beijing Morning Post reported.

Starting on June 11 in Beijing, Ministry of Commerce’s “Walk of Chinese Brands” campaign has entered Canton province from Fujian. China Business News investigated what officials, companies and experts’ opinions on the future of Chinese brands.

Insurance premiums in China rose 13 percent in the first half of the year from a year earlier to 306 billion, Reuters reported, citing China Insurance Regulatory Commission data released Tuesday.

Niger has awarded licences to a group of companies from China to explore for uranium to meet the Asian country’s soaring energy demands, Reuters reported.The exploration licences announced were the first for Chinese firms in Niger's uranium sector.