China is the scene of a growing rivalry.
China CITIC Bank Corp Ltd and other subsidiaries of the State-owned CITIC Group Corp plan to support the country's Belt and Road Initiative with combined investment and financing worth more than 700 billion yuan ($113 billion).
Japan is expected to be the most popular destination for Chinese tourists taking a summer vacation abroad because of the new visa policy, currency exchange rates and the outbreak of Middle East Respiratory Syndrome in South Korea.
China's tourism industry can cash in on the seniors market but only if it puts together better domestic package deals for the elderly.
The Internet has become such an integral part of modern life that people want to stay online all the time, even when they are on an exotic vacation.
China remains at the top of the world's 10 most attractive countries for foreign direct investment, even though last year's global FDI dropped to the lowest point since the 2008 financial crisis, the United Nations Conference on Trade and Development said in a report.
Russia became China's biggest crude supplier in May, overtaking Saudi Arabia, as the global competition for oil intensified.
Beauty products giant Estee Lauder Companies Inc is lowering the retail prices of its skin care and cosmetics brands in China from July 1 in the wake of the government's decision to reduce import taxes to boost domestic spending.
The State Council, China's cabinet, moved to scrap a rule that caps lending by commercial banks at 75 percent of their deposits, a measure that will increase the supply of cash in the financial system.
A United Nations-backed organization said on Wednesday that China again led the world in new renewable power capacity installations last year, as well as investment in renewable energy.
Program enters second year, with a further 10m yuan to tackle residents' pressing problems
Huang Weijia was excited about wearing her new outfit - a traffic policewoman's uniform.
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Raymond Zhou
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Chen Weihua
