China and other members of the Asian Infrastructure Investment Bank have wrapped up negotiations over the text of the organization's charter, a day after Japan unveiled a plan to provide $110 billion in aid for Asian infrastructure projects. Full Story

Chinese shares hit 7-year high

Chinese shares extended the rally on Friday, with the benchmark Shanghai Composite Index surging 2.83 percent, or 128.17 points, to finish at 4,657.6 points. Full Story

China's ZTE seeks more NBA partnerships to boost U.S. smartphone sales

ZTE Corp is planning to sponsor more NBA teams to boost its brand in the United States where the company aims to become the No. 3 smartphone vendor in three years time. Full Story

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