The robust growth of the Chinese economy in the first quarter is a positive sign for the global economy, the head of a US business lobbying group said on Tuesday, calling for further progress in bilateral trade and investment relations.
China's outbound direct investment in economies along the Belt and Road Initiative continued to grow in the first quarter despite the nation's ODI seeing an overall decline during the period, the Ministry of Commerce said on Tuesday.
Ant Financial Services Group said on Monday it will extend its indigenous mobile payment technologies to economies along the Belt and Road Initiative and unveil a number of Alipay-like services this year.
Paytm, India's largest mobile wallet operator by user number, is on course to introduce a money market fund, a credit scoring system and other functions similar to the architecture of Alipay by 2020, its chief executive officer said.
China's stronger-than-expected economic growth in the first quarter has prompted economists to raise their full-year forecasts, lifting confidence about the resilience of the economy.
Home prices in lower-tier cities rose faster in March and those in some first-tier cities dropped slightly as new city-specific home purchase policies took effect, according to data issued by the National Bureau of Statistics released on Tuesday.
Shanghai-based food conglomerate Bright Food Group Co has confirmed it will sell the majority of its stake in UK cereal brand Weetabix to US cereal company Post Holdings, the group's spokesman told China Daily on Tuesday.
The online industrial product system epec.com has witnessed total transactions of 90.2 billion yuan ($13.1 billion) since its launch last April, a year-on-year increase of 526 percent, Asia's largest refiner China Petroleum & Chemical Corp said on Tuesday.
China has made new progress toward carrying out supply-side structural reform in the first quarter of the year, the National Bureau of Statistics said on Monday. Analysts said a balance should be struck between pushing forward reform and achieving stable economic growth.
Internet-enabled technologies and business models have given China's economy a new burst of momentum and changed the nature of growth, experts said.
The much-anticipated C919, the large homegrown passenger jet, has finished its first high-speed taxiing test, and it is just one step closer to its maiden flight.
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