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China Resources Beer Co Ltd, the largest brewer in the country and the maker of the best-selling Snow Beer brand, has signed an agreement with Dutch premium brewer Heineken NV to further develop the high-end beer market in China.

China Cinda Asset Management Co Ltd and China Orient Asset Management Co Ltd, two of the eight investors, will contribute around 5 billion yuan and 2 billion yuan, respectively, toward servicing debt of CSIC's Dalian Shipbuilding Industry Co Ltd and Wuchang Shipbuilding Industry Group Co Ltd, according to a recent filing made to the Shanghai Stock Exchange. In return, they would pick up equity in the two CSIC subsidiaries.

China Literature, which has Tencent as its shareholder and strategic partner, distributes its content via the mobile QQ app, QQ browser, WeChat Reading, Tencent News and Tencent Video.

China and El Salvador are independent sovereign states and have the right to determine their relations with other countries, Lu said, adding that El Salvador made the right decision, and it was the same decision that the United Nations and 177 other countries have already made.

China North Industries Group Corp, a centrally administrated State-owned enterprise, announced that's its subsidiary China Changan Auto Group Corp shipped 7,143 vehicles to its clients in Russia, Saudi Arabia and Chile in January.