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BEIJING - Fast-food chain operator Yum China Holdings Inc has rejected a .6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia's biggest deals this year, a person with direct knowledge of the matter said.

BEIJING - China's bulk commodity market continued to grow in May with stable expansion in supply and sales, industrial data showed.

BEIJING - China's apparent consumption of crude steel is expected to surpass 930 million tons by the end of 2019, industry information provider Lange said.

BEIJING - China has made steady progress in deleveraging and the country's leverage ratio will gradually be lowered, the Economic Daily has reported.

BEIJING - China's big internet firms saw steady business revenue growth in the first five months of this year, with stable market expansion of online gaming and video and music streaming apps.