China plans to open the Xisha Islands in the South China Sea to cruise-ship tourists ahead of the May Day holiday, Xinhua News Agency said, citing Tan Li, executive vice governor of the southernmost province of Hainan.
Volvo AB agreed to pay 5.6 billion yuan ($890 million) for a minority stake in the commercial vehicle unit of China’s Dongfeng Motor Group Co., a transaction the Swedish company said will make it the world largest maker of heavy-duty trucks.
Southeast Asian container shipments to the U.S. and Europe are rising as much as 10 percent, as manufacturers move production from China because of lower costs, according to cargo-booking technology provider Inttra.
Kweichow Moutai Co. , China’s biggest liquor maker by market value, rose to the highest level in more than two years in Shanghai trading after a brokerage said the company may raise prices. Other liquor makers also gained.