Ctrip.com to invest in China Eastern Airlines

    CTRIP.COM International Ltd., China’s biggest online travel agency, has agreed to invest 3 billion yuan (US$463 million) in China Eastern Airlines through a private share placement.

    For Ctrip.com, the move may help resolve a long-standing dispute with major domestic carriers over the payment of agency commissions on international tickets.

    The investment is part of a deal between Ctrip.com and China Eastern Airlines Holding Co. to collaborate on products and services, including low-cost transportation and international travel, the two firms said in separate statements Friday.

    CCCC to extend Mexican park feasibility study

    CHINA Communications Construction Co. (CCCC) will extend by three months a feasibility study for a major industrial park in the western Mexican state of Jalisco, two Mexican officials said.

    Jalisco’s government and CCCC agreed in October to carry out a six-month study of the project, which could become one of the biggest Chinese investments in Mexico and give China an important foothold to supply the North American market. “There will be a three-month extension to the analysis time so that the project is a success,” one of the officials said.

    Stocks post biggest weekly loss in three months

    CHINA’S stocks edged up Friday, as strength in consumer and tech shares offset a slump in resources plays, but major indices posted their biggest weekly decline in three months.

    Reversing initial losses, the blue-chip CSI300 index rose 0.5 percent to 3,174.90 at the end of the session, while the Shanghai Composite Index gained 0.2 percent to 2,959.24 points. For the week, CSI300 fell 3 percent, while the Shanghai Composite lost 3.9 percent, the worst weekly performance since late January. The stock market has become increasingly volatile in recent weeks as a seven-week rebound loses steam.

    SAIC Motor’s 2015 profit rises 6.5%

    SAIC Motor Corp., China’s largest automaker, reported Friday a 6.5 percent year-on-year rise in net profit for 2015, exceeding its forecast of 6 percent growth.

    The Shanghai-based automaker’s sales roughly tracked the overall Chinese market last year, growing 5 percent as the world’s largest auto market struggled with the country’s slowest economic growth in 25 years.