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BEIJING - China's State-owned enterprises (SOEs) reported steady profit growth in the first seven months of 2017 as the country's supply-side structural reforms took effect, Ministry of Finance data showed Thursday. The combined profits of China's SOEs gained 23.1 percent year-on-year to 1.66 trillion yuan (9.6 billion) during January-July. Centrally-administered SOEs made about 1.09 trillion yuan in profit, up 17.3 percent year-on-year, while locally-administered SOEs made over 575 billion yuan, up 35.8 percent year-on-year.Total business revenue for state firms rose 16.5 percent to 28.9 trillion yuan, while operating costs rose 15.8 percent to 28 trillion yuan. SOEs in steel and non-ferrous metals continued solid profit growth due to success in cutting overcapacity.

BEIJING - German auto maker BMW will recall more than 7,800 cars in China over defects with the exhaust gas recirculation (EGR) systems or the fuel pump systems, according to the country's market regulator.

BEIJING - China's new yuan-denominated loans in March expanded to 1.12 trillion yuan (7.8 billion), 93.4 billion yuan more than the same period a year earlier, the central bank data showed Friday.

BEIJING - China sold 28.08 million autos last year, down 2.76 percent year-on-year, data from the China Association of Automobile Manufacturers showed Monday.

BEIJING - Hainan, the southern island province of China, has been attracting people from around the globe with its sandy beaches, coconut trees, and year-round sunshine. The island is becoming a hotspot this year due to China's plans to build a free trade port with the highest level of openness.