WASHINGTON - Chinese telecom equipment maker ZTE Corp said on Tuesday that it has reached settlements with US authorities over US export controls and sanctions charges.
When car sharing started in Canada and then spread to the United States in the mid-1990s, people had no idea the business model would be flourishing 20 years later on the other side of the globe in China.
German premium carmakers such as Audi, BMW and Daimler have been conducting trials of time share services in China, hoping to get a head start in this segment, despite the business being nascent and far from profits.
Car-sharing services will see fast growth in China in coming years, and the fleets of such service providers are expected to reach a collective 170,000 cars by 2020, according to a report by Strategy&, a subsidiary of PricewaterhouseCoopers.
China's foreign exchange reserves rose above the $3 trillion mark in February again, the first rise in eight months thanks to an improving export situation and slowing capital outflows.
A national laboratory focused on artificial intelligence should be established to support AI technology and innovation, said Liu Qingfeng, chairman of iFlytek Co Ltd, a leading firm engaged in intelligent voice and speech technologies.
Beijing is listed as the billionaire capital of the world for the second year running, ahead of New York, and followed by Hong Kong and Shenzhen, according to the latest findings in the Hurun Global Rich List 2017 released on Tuesday.
In the civil aviation sector, where men still dominate jobs such as pilots and captains, more female pilots have started to emerge and assume important positions.
Chinese conglomerate HNA Group has added news media to its recent string of acquisitions by acquiring an 80 percent stake in a media company in Beijing that runs the website of Caijing Magazine, one of the most popular and influential Chinese business magazines.
A top nuclear industry executive has called for priority to be given to nuclear power as China's power supply, ensuring that nuclear power plants are a primary source and their output is not adjusted to meet fluctuations in demand.
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