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Retail giant Charoen Pokphand Group is cited as one of the potential bidders to purchase the troubled Chinese operations of Lotte Mart, news reports say.
The reports say talks have stumbled over pricing. Lotte reportedly hopes to sell the Chinese operations for about 830 billion won (US$735 million), while CP is asking for a discount of almost 30 per cent, citing political risks.
CP’s possible bid for Lotte Mart comes after reports that Lotte rival Shinsegae Group is seeking to sell its five E-mart stores in China to the Thai conglomerate that operates its own Lotus supermarket chain. 
Lotte operates 112 Lotte Mart stores in China but has suspended operations of 87 stores following an adverse hygiene report by authorities, which is widely seen as economic retaliation against Korean firms due to deployment of the THAAD missile system developed by the US, – The Investor

CHINA TRAIN AT 350 KM/H

The speed on the Beijing-Shanghai high-speed railway has been increased to 350 km/h, making it again among the world’s fastest train services after the operational limit was reduced six years ago.
Fourteen of the bullet trains now run at 350 km/h on the 1,318-km rail line linking the two cities, according to China Railway Corp, which operates the service. – China Daily