France-based game developer Gameloft SE has closed its office in Chengdu, Sichuan province, as part of its global restructuring plan and efforts to stay profitable.
Enterprises, rather than governments should be the key players in the construction of smart cities, according to a senior official from the National Development and Reform Commission.
Four securities firms and a futures brokerage have been fined a combined 178.5 million yuan ($28 million) for carrying out what China's securities watchdog called illegal trading activities which contributed to the recent stock market volatility.
Global alternative investment company Oaktree Capital Management LP said on Friday that it would continue to seek distressed asset investments in China as it remains confident on its growth prospects.
The 60 billion yuan ($9.4 billion) State fund for small and medium-sized enterprises will stick to market-oriented operations and invest only in early-stage startups, said an official in charge of the process.
Li Zheng was just a local fruit-stall owner in the Inner Mongolia autonomous region nearly a decade ago.
The introduction of the Belt and Road Initiative has become China's very own blueprint for globalization, according to a study from the European Union Chamber of Commerce in China.
Editor's Note: On the Wednesday afternoon, Premier Li Keqiang met with domestic and foreign business representatives at the Ninth Annual Meeting of the New Champions held at the International Conference Center in Dalian, Liaoning province in Northeast China. Following is the transcript:
There is no shortage of seemingly downbeat news about the world's second-largest economy nowadays, which has stoked up global investors' concerns about the overall health of the Chinese economy, a major driving force for global growth.
In response to news reports that the Islamic State group is holding a Chinese and a Norwegian hostage and demanding unspecified ransoms for their release, China's foreign ministry said on Wednesday it was aware of the reports and was in the process of confirming them.
Unprecedented economic growth over the last three decades turned East Asia into an economic powerhouse responsible for a quarter of the world's economy. Hundreds of millions of people across the region, including in China, Indonesia, Malaysia, Thailand and Vietnam, lifted themselves out of extreme poverty and enjoyed greater prosperity, largely because of more labor-intensive and inclusive growth.
The US alleges China is engaged in an unceasing and highly successful cyber espionage campaign against the United States, its government and economic interests.
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