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China's enactment of the foreign investment law is expected to further facilitate high-quality investment while protecting the legitimate rights and interests of foreign investors, Wang Chen, vice-chairman of the Standing Committee of the National People's Congress, said on Friday.

China's large-scale tax and fee reduction, including the government's reductions in VAT, one of the important measures for countering downward pressure, all present opportunities for foreign companies like Sabic, and "we will further deepen energy cooperation with old partners while continuing to seek new partnerships for sustainable development," he said.

China's healthcare giant Shanghai Fosun Pharmaceutical (Group) Co Ltd announced Monday it will purchase an approximate 74 percent stake in Indian drug maker Gland Pharma for more than billion.

China's largest SUV and pickup maker Great Wall Motors saw its operating revenue in the third quarter reach 26.21 billion yuan (.9 billion), surging 23.6 percent year-on-year.

China's national Consumer Confidence Index led 24 countries surveyed including the United States, India and Brazil in August by rebounding to 72.9 points, becoming the only economy to show a gain from January, the world's leading market research company Ipsos reported earlier last week.