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China and Italy are both stellar examples of Eastern and Western civilizations, and both have written splendid chapters in the history of human progress. Being the birthplace of ancient Roman civilization and the cradle of the Renaissance, Italy is known to the Chinese people for its imposing relic sites and masterpieces of great names in art and literature. Friendly ties between our two great civilizations go back a long way. As early as over 2,000 years ago, China and ancient Rome, though thousands of miles apart, were already connected by the Silk Road. During the Eastern Han Dynasty (AD 25-220), Chinese emissary Gan Ying was sent to search for "Da Qin", the Chinese name of the Roman Empire at the time. Roman poet Virgil and geographer Pomponius Mela made many references to Seres, the land of silk. The famous explorer Marco Polo's Travels roused the first wave of "China fever" among European countries. That pioneer of cultural exchanges between East and West was followed by a long list of personages in search of friendship over the centuries.

China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral investment agreement with a view to concluding the ambitious accord next year, according to a joint statement.

China National Bluestar (Group) Co has been the sole owner of Elkem since 2011. Following the IPO, Bluestar has reduced its ownership from 100 percent to 61.8 percent and will continue to be Elkem's majority shareholder.

China Tower is planning to raise between billion and billion from the float in Hong Kong, which is due to take place on July 26, according to people familiar with the matter.

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. In return, they would pick up equity in the two CSIC subsidiaries.