China Eastern Airlines Corp Ltd., one of China's top three carriers, confirmed that it is in talks with several foreign investors, including Singaporean Airlines Co Ltd. Reuters reported.

A major recent gas discovery deep under the South China Sea could reopen a frontier for oil and gas exploration that some multinational companies abandoned decades ago after shallower wells turned up dry, said the chairman of China National Offshore Oil Corp (CNOOC), the Wall Street Journal reported.

China National Petroleum Corporation (CNPC), China's largest oil producer, announced Wednesday that it bought Russia's OAO Rosneft 66.2252 million listed shares for 500 million US dollars at 7.55 US dollars per share, the China Daily reported.