Transformation and reform to build center of innovation
An intricate model of the PLA Navy's minesweeper Zhangjiagang occupies a place of distinction in Yao Linrong's office, where the Party chief steers the course of the city for which the warship is named.
The government of Zhangjiagang launched in July a system aimed at evaluating projects carried out by recruited talents in the city.
People casually walk down cobblestone streets past fountains, immersed in a world of music while a sweet fragrance hangs in the air.
China Telecom Corp, one of the nation's three telecommunications carriers, posted better-than-expected earnings for the third quarter on Monday.
Leoni AG, the leading European provider of cables and wiring systems to the automotive and other industries, Monday inaugurated its fourth factory in China.
Global power and automation technologies supplier ABB Group is making heavy investments in research and development in China to offer smart technologies to support the country's next level of urbanization and industrialization, a company executive has said.
China might be on a steady course toward realizing its gross domestic product growth target set for the 12th Five-Year Plan (2011-15), but when it comes to saving energy, another factor in economic growth, the government has cause for concern.
Weak governance structures, particularly across developing Asia, are creating bumps along the road to fast economic growth.
China's largest private steel company, Shagang Group, plans to move away from steel as its primary business in as little as three years. The seismic shift being considered by the steel stalwart, unthinkable during the boom a decade ago, is the clearest indication to date of the mounting pressure traditional manufacturing sectors in China are facing to stay viable in a rapidly changing domestic and global market.
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