China and Germany have joined hands in building an industrial park to bolster technological upgrade in China's industry-intensive northeast.

Located in Shenyang, capital city of Liaoning Province, the 120-square-km park will be home to a host of industries such as assembling, automobiles, chemistry, medicine and electronics.

Aiming to enhance cooperation and exchanges, the move will help boost technological upgrade in northeast China, with both parties focusing on emerging sectors of high-end machine tools, robotics, 3D printing and others, said Yan Bingzhe, a local official in Shenyang.

Amid growing bilateral relations, trade between China and Germany is closer than ever. By the end of 2013, some 400 German enterprises had opened branches in Liaoning, creating $2.1 billion worth of foreign capital.

Anti-Dumping Review

The Ministry of Commerce began a review of its anti-dumping measures on adipic acid from the United States, the EU and the South Korea on November 1.

The sunset review of the five-year measures, first imposed on November 1, 2009, will last for 12 months ending on November 1 next year, according to the ministry.

The review comes after four domestic companies said dumping or damages to the domestic industry would reoccur if anti-dumping measures were terminated.

During the review period, adipic acid imports from South Korea will still be subject to anti-dumping duties ranging from 5.9 percent to 16.7 percent.

Meanwhile, imports from the United States and the EU will be subject to levies from 5 percent to 35.4 percent.

Adipic acid is primarily used in the production of nylon 6-6, polyurethane foam and polyester resins.

Oil Price Cut

The National Development and Reform Commission cut the retail price of gasoline by 245 yuan per ton ($39.86) and of diesel by 235 yuan ($38.32) on November 1.

The adjustment means retail prices will drop by 0.18 yuan per liter for gas and 0.2 yuan per liter for diesel.

The cut is the seventh since July, as international crude prices continue to slide.

The latest price cut will bring retail fuel prices to below 7 yuan per liter ($4.34 per gallon) in most regions.

China has a pricing regime that adjusts domestic fuel prices when international crude prices change by more than 50 yuan ($8.15) per ton for 10 working days.