China will have a "huge" demand for robotics professionals as the world's second largest economy is trying to upgrade its labor-intensive industry with technological innovation, said the chief of China's largest robot manufacturer by market value.
ICBC Standard Bank, a subsidiary of Industrial and Commercial Bank of China Ltd, has agreed to buy Barclays PLC's precious metals vault storage business in London.
Chinese buyers spent at least $93 billion between 2010 and 2015 on US homes, and more than $17 billion on US commercial real estate, according to a new study by the Asia Society and the Rosen Consulting Group.
China's nonfinancial outbound direct investment to the United States soared by 235.7 percent in the January to April period from the same period a year ago, underscoring Chinese investors' increasing appetite for US companies, data from the Ministry of Commerce showed on Tuesday.
Jiangxia district in Wuhan, capital of Hubei province, takes pride in its young car culture: streets here are named after Chevrolet, Buick and Cadillac. People introduce their hometown as "China's Motor City", and many young people expect to work in the automotive industry when they leave school or college.
China launched catastrophe insurance on Tuesday, unveiling new rules to cover earthquake insurance.
At a time when electronic forms of communication are taking over, the number of premium stationery boutiques is growing in China, catering to those consumers looking for sophisticated products that spell tradition and refinement.
While fountain pens are becoming a thing of the past in most developed markets, sales of the writing instrument keep growing in China helped by the country's strong culture of offering gifts and a new interest in craftsmanship.
Chinese internet giant Baidu Inc is set to gain a big advantage in its race with US tech leaders in the driverless vehicle sector after a local government in Anhui province gave the green light to the setting up of a center to test the vehicles.
UR Work, one of China's biggest office-sharing ventures, will seek an initial public offering on the capital market in 2018 amid a boom in China in its sector, as increasing numbers of company startups and freelancers are looking for affordable accommodations.
China's HNA Group Co, the country's fourth-largest airline, is in exclusive talks with CWT Ltd, a listed Singaporean logistics firm, to buy a controlling stake worth around $1 billion.
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Raymond Zhou
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Chen Weihua
