Last year, bitcoin made headlines when Braintree announced that it was making its first foray into cryptocurrency. As Braintree is owned by PayPal, which is owned by eBay, proponents of digital currency are hopeful that this will smooth the way for bitcoin to be accepted across mainstream payment platforms. Although some firms already accept bitcoin as payment for their products, and bitcoin is also traded on an exchange, regulators and governments have been slow to endorse it as a bona fide currency.
A few days ago, legislators adopted an amendment to the law on commercial banks, removing a stipulation of a 75 percent loan-to-deposit ratio.
Traditional financial services providers must grasp technology to avoid seeing their market share erode by challengers
People always complain about China's lack of transparency in economic information. But there are two types of opaqueness in a time of transition.
As the world becomes more complex and everything moves at double-quick time, businesses and people are under constant pressure to innovate - to discover new ways of doing things, engage a wider target audience, work faster and better, and accomplish more using the same amount of, or fewer, resources.
Launched in 2011, Juwai.com now outranks all US websites combined, according to Baidu, China's version of Google, with 71 percent share of all Chinese online real estate sites.
Chinese smartphone manufacturer Oppo Electronics has signed a three-year sponsorship deal with Spain's FC Barcelona soccer team, in a move that will help the company enter the European market and strengthen its foothold in Asia.
Tsinghua Holdings, a technology conglomerate backed by Tsinghua University, is setting up China's first technology transfer fund with an initial investment of 500 million yuan ($78.42 million) to foster innovation in the high-tech sector.
Health-related issues have become a key focus at the Annual Meeting of the New Champions of the World Economic Forum, widely known as Summer Davos, in the northeastern port city of Dalian.
China's companies need to work with foreign firms to develop personalized products that cater to domestic demand as the nation enters the middle-income bracket, Premier Li Keqiang said at the opening of World Economic Forum's Annual Meeting of the New Champions in Dalian on Thursday.
Premier Li reiterates commitment and determination to push ahead with reforms
The authorities are stepping up efforts at protecting the country's intellectual property overseas as more companies expand globally, Shen Changyu, the commissioner of the State Intellectual Property Office, told China Daily on Thursday.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
