Royal Philips Electronics NV and China Electronics Corp signed a joint venture agreement on Thursday, in a bid to grab additional market share in China's intelligent road lighting market.
Editor's Note: This is China Daily's third forum to review the economy's performance in the first half of the year, with a focus on the issue of urbanization and trends that are encouraging or worrisome. The forum also considers the significance of the central government's recent decision to set up a Shanghai free trade zone.
Limited investment options and abundant liquidity are prompting Chinese investors to look abroad for alternative opportunities, and a real estate consultancy is forecasting that mainland individuals will put up to 1.1 trillion yuan ($179 billion) into global real estate markets.
Chinese Internet giants Baidu Inc and Sina Corp received third party payment licenses from the People's Bank of China, the central bank, to conduct related online payment services within the country.
Beijing recently played host to the Third Global Think Tank Summit and, not surprisingly, China's economic development model topped the agenda.
A number of noted publishers and copyright owners held a press conference in Beijing last week to protest a promotion campaign by China's largest online bookseller Dangdang.com more than two months ago.
Su Weixing is a good example of an old Chinese saying - people with major accomplishments not only have outstanding intelligence but also unbendable perseverance.
China's rapid urbanization has provided an ideal market for the world's pioneering technologies on urban solutions to develop and commercialize in the country before being launched globally.
Scientific research will become increasingly important as the emphasis in urbanization in China is put on quality rather than quantity, an urban planner says.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
