The approved merger of China's two industrial giants in the nuclear power field will strengthen the country's industrial competitiveness when going abroad, experts said.
Patent disputes between Xiaomi, an emerging smartphone maker in China, and Swedish telecom company Ericsson continue after Ericsson claimed Xiaomi violated an order from Delhi High Court on Feb 5.
Qingdao marks its first anniversary as a pilot area for China's comprehensive wealth management and financial reforms this year. City planners and financial players celebrated the milestone by looking at achievements so far and discussing hopes for the future.
A total of 35 innovative policies have been approved since Qingdao's city government submitted a general implementation plan for the Wealth Management Financial Comprehensive Reform Pilot Area in May 2014.
Qingdao has found the key to unlock further growth in its financial industry and the emerging wealth management sector, said a local official.
Due to its solid industrial and commercial foundation, Qingdao city planners have listed 10 industries set to grow in line with its financial sector.
Since Qingdao began its wealth management pilot area, the city has attracted a number of financial institutions and academics to join in its financial reform. Deals on 14 financial projects were signed during a press conference on Monday, which marked the first anniversary of the pilot area.
Stainless steel "time capsules" containing paper scrolls were given out at a news conference to announce that three Chinese companies in telematics, Internet and car manufacturing had joined hands.
Japanese luxury carmaker Infiniti hopes its locally made lineup and brand-building campaign will lay solid foundations for its mid-term plan in the Chinese market this year.
Daimler AG has vowed to beef up its research and development capability in China in a bid to align its premium passenger car brand Mercedes-Benz to the changing tastes of wealthy Chinese and catch up with major rivals Audi AG and BMW AG in the Chinese market.
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