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China COSCO Shipping containers stand at Piraeus. [Photo/CHINA DAILY]

China Tower Corp, a mobile communication infrastructure company that runs almost all of the mainland's telecom towers, is aiming to raise up to billion in its Hong Kong initial public offering.

China Investment Corporation, the world's second-largest sovereign wealth fund, is ready to target more overseas alternative assets and direct investment in the next decade, as its strategy shifts amid tightening global liquidity.

China Express launched a similar "fly at will" ticket package on June 23, five days after the China Eastern Airlines', according to its Weibo account. Although the validity period from June 28 to Oct 24 (except for Sept 28 to Oct 10) is shorter, the "fly at will" of China Express allows passengers to take weekdays' flights. However, only medical workers and new clients of the carrier are qualified to purchase such tickets. China Express said on its Weibo account that it saw the package as a "testing waters" but it had gave the airlines a 3 million yuan cashflow.

China announced Friday a plan for reciprocal tariffs on imported US products worth about billion to balance losses caused by the US metal restrictions against China.