Diabytes
China business News
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Lenovo Group chairman and chief executive Yang Yuanqing told Reuters on Thursday the company`s China business reorganisation will not affect its mobile business on the mainland.
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Sales of established China stores rose 7 percent, also beating estimates of an increase of 1.9 percent.
The smaller Shenzhen index opened 0.02 percent lower at 12,699.15 points.
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Activity in China`s services sector accelerated in May as new business rose at the fastest pace in three years, a private survey showed on Wednesday, a rare piece of good news for policymakers struggling to reviving a cooling economy.
Profit growth for China's five biggest banks slowed to single digits last year.
General Electric on Thursday said the head of its China business will transfer to France to lead the US company`s proposed buyout of Alstom`s energy businesses.
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