BizChina

Midea Group's robotic arm, in Germany, KUKA AG, will expand production capacity of robots and robotics systems in China, as the country's demand for the machines has been booming recently, according to a senior manager of the company.

"KUKA is working closely with Midea to look for business opportunities," said Wilfried Eberhardt, chief marketing officer of the company. "We will soon double the production capacity in China as the demand for robotics is increasing in the country."

Internet giant Tencent Holdings Ltd is looking to establish a clear lead over rivals in China's livestreaming market with latest investments of over $1 billion in the industry's top firms.

YY Inc, a leading livestreaming social media platform in China, on Thursday announced that its subsidiary Huya Inc has secured series B financing from Tencent to the tune of $461.6 million.

Seafood in Wumart shop 2017.

China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year-on-year in February, the National Bureau of Statistics said Friday.

The increase was up from 1.5 percent for January, according to the bureau.

A port in Fujian Province.

China's exports jumped 44.5 percent year-on-year to $171.62 billion in February, the fastest pace in three years, official data showed on Thursday.

The European Union, the United States and the Association of Southeast Asian Nations were China's top three trading partners in the first two months of the year, with China's shipments to the EU rising 17.2 percent year-on-year and those to the US by 15.8 percent, according to data released by the General Administration of Customs.