De Beers, the world's largest diamond producer, announced Tuesday that it will further expand its retail outlets in China, the Wall Street Journal reported.

China Energy Conservation & Environmental Protection Group (CECEP), a state-owned developer, will construct a US$1.5 billion "clean coal" electric power plant in Inner Mongolia with UK-based Seamwell International, Bloomberg reported. The contract is being signed at a UK-China summit attended by Chinese Premier Wen Jiabao and UK Prime Minister David Cameron.