The Asian Infrastructure Investment Bank held a groundbreaking ceremony for its new headquarters in Beijing Olympic Park on Friday, marking a milestone in the bank's history and signifying the role of Beijing as a center for international finance.
Huawei Technologies Co will begin assembling phones in India with manufacturing partner Flextronics International Ltd, establishing a beachhead in the world's fastest-growing smartphone arena.
The central bank will continue to make more bilateral currency swap deals, and enlarge the scope and scale of renminbi settlements with countries along the Belt and Road Initiative to cut exchange rate risk and transaction cost for trade and investment, said a senior central bank official on Wednesday.
Lower headline credit growth, still strong overall credit impulse
Booming Chinese robotics industry a good sign
New age, new balance and new breakthroughs
Is China running out of policy options?
Hello Huawei, Xiaomi, bye-bye big brands
Opening-up the service sector key for reform
Market economy status not a bilateral negotiation
China National GeneBank, the country's first national gene bank, was officially put into use on Thursday. The complex is expected to offer strong support to the development of the genetics industry.
South Korea's Hyundai Motor will launch its standalone premium auto brand Genesis in China within two to three years, betting on a luxury lane to profit as competition bites at the lower end of the world's biggest auto market.
Demand for fitness in China has become one of the top ten drivers of the consumer market, said a report.
Once an iconic luxury car brand in the United States, Cadillac has seen its market share slip to rivals like BMW and Lexus. Johan De Nysschen is trying to recapture the magic that made Cadillac a world-wide symbol of automobile luxury.
Online search giant Baidu Inc is set to lose its top spot in the nation's booming digital advertising market this year to its rival Alibaba Group Holding Ltd, according to a report from London-based market research firm eMarketer.