Five provinces have been authorized by the banking regulator to set up local asset-management companies, according to a report by Anhui Daily, a newspaper of the Anhui provincial government, citing a statement from the China Banking Regulatory Commission.
China's housing market is not approaching a turning point, but price corrections will lead to declining home prices in the short term, a report released by the Chinese Academy of Social Sciences said on Monday.
Sales of residential property in China will likely improve in the second half of this year, the global ratings agency Moody's Investors Service said on Tuesday.
Unlike search-engine rival Google's vehicle, it will still require a human
Huawei Technologies Co Ltd said first-half smartphone shipments rose 62 percent year-on-year, as it targeted the more expensive smartphone sector dominated by South Korea-based Samsung Electronics Co Ltd and Apple Inc.
Unit of fast-food giant battling meat scandal, competition
As China attaches increasing importance to offshore energy development to meet domestic economic growth, private investors are seeking opportunities in the marine equipment industry.
Editor's note: China Daily is publishing a series of stories on the impact of the country's fiscal system reform. In the last issue we discussed how the central government will shoulder larger responsibilities. The second article discusses how the burden may also fall on companies, which will face heavier tax payments.
New degree aims to help restore the tarnished public image of charities
Children on their summer vacations can have fun with chemistry and learn about natural sciences through interactive experiments at the BASF Kids' Lab program, which runs through Aug 3, at the China Science & Technology Museum.
Last summer, Guo Chao, a 25-year-old material science and engineering doctoral candidate at Tsinghua University, traveled abroad for the first time thanks to the "Rainbow Bridge" Chinese-American Students Cultural Exchange Program.
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Raymond Zhou
Op Rana
Berlin Fang
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Chen Weihua
