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Chinese buyers spend on average 5 to 10 million euros on a chateau whose vineyard could take up 10 to 30 hectares, according to an industry works Le Vin, le Rouge, la Chine. Recent corporate investors include subsidiaries of local wine company Changyu and food conglomerate Bright Food Group and COFCO.

Chinese liquor giant Kweichow Moutai Co plans to expand into the health tonic liquor market by partnering with Xiuzheng Pharmaceutical Group.

Chinese e-commerce giant JD, which initially coined the June 18 shopping carnival, reported its sales during the 18-day promotion that ended on June 18 reached a staggering 201.5 billion yuan (.2 billion), compared with 159.2 billion yuan a year ago.

Chinese and European astronauts take part in a survival course off Yantai, Shandong province, earlier this month. [Photo/China Daily]

Chinese airlines, the largest operator of the MAX jets, flew 96 out of the 371 MAX jets in service worldwide prior to their grounding due to two fatal crashes. The losses from the grounding can be as high as 1 billion yuan based on the scale of the grounding and operational capacity of the three airlines, industry experts estimated.