Private companies are becoming more active in overseas mergers and acquisitions, and China should finalize related laws and regulations to support such corporate activity, according to Ding Shizhong, chairman and CEO of Anta Sports Products Ltd, China's largest athletics apparel company.
German life science company Bayer AG regards China as a crucial market and is positively seeking business opportunities in areas including healthcare and agriculture, said Celina Chew, president of Bayer Group in China.
Cross-border e-commerce is proving to be a new breakthrough in the country's foreign trade development, but bottlenecks still exist and the government needs to make clear the responsibilities of players, including exporters and platform operators, said business executives attending the ongoing session of the National People's Congress.
In 2016, as many as 120 million Chinese traveled overseas and, in doing so, spawned not just the world's largest outbound travel market in China, but a mammoth opportunity for luggage makers, including expensive global brands.
One of the world's largest luggage makers Samsonite International SA is banking on e-commerce to fuel its China business, which is set to record 12 to 14 percent growth in the coming years.
China needs to think carefully on whether it should join the Trans-Pacific Partnership as a new member as the benefits of doing so are still uncertain, analysts warned on Monday.
China's State-owned enterprises should avoid irrational investments and trade financing activities for achieving scale, said the head of the country's SOE regulatory body on Monday.
China is quickening the pace of putting together its compulsory environmental pollution liability insurance implementation plan - and joint regulation and product designs could be key issues, experts said on Monday.
China launched its first national engineering laboratory for big data distribution and exchange technologies on Saturday.
Shanghai Composite Index gains 0.8% to reach a three-week high on Monday
Traditional Chinese herbal tea producer Guangzhou Wanglaoji Pharmaceutical Co Ltd announced plans to work with the United States-based science and technology major DuPont to launch probiotic products - which have bacteria and yeast that are good for health, especially the digestive system, to tap growing market demand.
China Huarong Asset Management Co, one of the nation's biggest asset reconstruction firms, said it expected annual profit growth of between 20 percent and 30 percent in the next few years.
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Raymond Zhou
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