The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.

Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.

China announced handing over audit documents of Chinese firms listed on the US stock exchanges to the United States regulators.

China's foremost social media services provider, Net@lk, was acquired by Publicis Groupe. Today, Publicis Groupe announced that it acquired China's foremost social media services provider, Net@lk.

Renault and Donfeng Motor Group hoped to close a deal worth US$1.6 billion this month. On Monday, Renault, a French carmaker, and Dongfeng Motor Group hoped to end up with a deal later this month.

Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.

The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.

China's Sunergy reported higher first-quarter shipments and earned about US$61.7 million. Sunergy Co Ltd, China's solar panel maker, reported it gained higher first-quarter deliveries.

China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.

Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.