The State-owned Assets Supervision and Administration Commission issued a notice on July 18, 2011, saying that CNOOC's Hainan LNG project won final approval from the National Development and Reform Commission, the National Business Daily reported Tuesday.
China's Hainan Airlines Group is planning to buy shares in Europe's Malev Hungarian Airlines, Securities Daily reported on Tuesday, citing Chen Feng, vice president of the group.
HNA Group, China's fourth-largest airline group, is seeking to become the first Chinese airline to invest in the European aviation sector by bidding for a Hungarian carrier and a German-based airport operator.
Though they knew it was a buy-one-get-one-free deal, Chen Guo and her colleague, who each paid 6.8 yuan ($1) for a bunch of bananas on the group-buying platform of taobao.com, still felt surprised when they were given a whole box of bananas.
Poor weather and food-safety rumors are responsible for cool sales for Hainan banana growers, with nearly 450,000 tons of bananas yet to be sold as of the end of June, according to the provincial agriculture department.
Tax-free retail stores in Sanya are helping boost tourism in China’s southernmost city and Hainan province during what traditionally are the slowest months for tourism, April through August.
Hainan Airlines Co, controlled by the investment arm of the Hainan provincial government, plans to raise as much as 8 billion yuan ($1.2 billion) in a private share placement partly to help pay bank loans.
Political advisers in South China's Hainan province urged authorities to levy taxes on vacant homes in popular travel destinations to discourage speculation and cool the island's overheated property market.
Hainan opened a second duty-free store on Wednesday, following the success of the first, which since April has boosted domestic tourism to the province in South China.
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