Nanjing-based Estun Automation expands its robot-building and research capacity
Editor's note: In this second and final part of the series on the Yangtze River Delta region, China Daily captures the impact of an ambitious plan for a cluster of 26 cities on the local business scene in Nanjing and Hangzhou. From robotics to medical devices, from cross-border e-commerce to retail, the region's businesses, whether big or startups, are trailing a blaze in their respective niches. The first part on Tuesday focused on Shanghai and Hefei.
If Hangzhou boasts headquarters of new economy stars Alibaba and JollyChic, Nanjing is home to Suning Commerce Group, the country's third largest retail player and a well-known e-commerce name.
Hangzhou's claim to recent fame may be its status as the headquarters of e-commerce giants Alibaba and JollyChic, but the capital of Zhejiang province is fast developing into a springboard for new-age startups.
German firm says infrastructure, industry offer greatest opportunities in the Chinese market
Chinese outbound travelers tightened their purse strings last year as their spending on travel dropped by 17 percent amid a slowing economy and is expected to pick up next year with one-third planning to spend more, according to a survey.
The South China Sea issue will not affect economic cooperation and trade between China and the Philippines, Vice-Minister of Commerce Gao Yan told a press conference in Beijing on Tuesday.
It is perhaps the world's smallest drone. Weighing about a 10th of gram, the little flying machine, dubbed RoboBee, is two centimeters in height. At first glance, it looks just like a mosquito, and a magnifying glass is needed to observe any details.
Growth firms enter equity markets by backdoor listings
In the offshore markets for the yuan, the expectation is spreading that the currency will depreciate until there is a turning point in the global business environment. But, how quickly the will the yuan fall against the dollar? Or, how much will it be allowed to fall, based on China's overall economic considerations?
The New Development Bank announced on Tuesday that it has successfully completed its first green financial bond issuance of 3 billion yuan ($448 million), with a five-year term and interest rate of 3.07 percent - the first of its kind issued by an international financial institution.
Baidu Inc has invested in a US financial technology company to transform its massive search data into credit scores, a move to fuel its development in internet finance where the Chinese online search giant trails behind its rivals Tencent Holdings Ltd and Alibaba Group Holding Ltd.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
