The premium growth of insurers is set to slow this year after the explosive rise in 2016, as financial deleveraging and a more restrictive regulatory approach to curb risks will be a priority for regulators, an insurance official said on Tuesday.
Sinochem Group is in early talks to become a strategic investor in Noble Group Ltd, providing the embattled Asia-based commodities trading house with an equity injection, according to sources familiar with the talks.
Bilateral trade and investment remain a source of stability for China-US relations, and are worth great attention by both sides, said John Frisbie, president of the US-China Business Council.
Huawei Technologies Co Ltd, China's largest telecoms equipment maker, plans to unveil its first batch of 5G-ready products next year, as it strives to gain an edge in the race toward the next-generation mobile communication technology, local media reported.
The fast expansion of Chinese companies in the United Kingdom is creating local jobs at a time when Brexit uncertainties have caused unemployment fears.
Taiwan-funded companies that have invested in Guangdong province's city of Dongguan, a major manufacturing center in the Pearl River Delta, have maintained sustainable business growth there and many of them have been introducing smart solutions to cope with rising production costs, according to leading businessmen.
Chinese mainland clean-power producer GCL New Energy Holdings Ltd, a subsidiary of Golden Concord Holdings Limited (GCL), is looking to boost its overseas sales revenue to 30 percent of the total by 2020 through increasing solar energy project exports, its company executive said.
Great Resources Co Ltd, a biomass heating provider, expects to achieve 50 percentsales growth this year, and plans to set up a research center on the possible uses of straw, the company chairman said.
State-owned Sinopec Group's interest in geothermal energy has grown as it seeks to diversify beyond oil and gas production.
Chinese turbine manufacturer Dongfang Electric Wind Power Co Ltd has said it aims to speed up exports.
Editor's Note: China aims to increase the share of non-fossil fuel in its overall energy to more than 15 percent by 2020 and to 20 percent by 2030, according to the 13th Five-Year Plan (2016-20) for Renewable Energy released by the National Energy Administration in January. Renewable energy companies are key to meeting the targets. To find out whether or not they are on the right course, China Daily interviewed top officials of several companies engaged in solar power, geothermal, wind power and biomass. What we get to see are their ambitious development and overseas expansion plans against the backdrop of China's commitment to saving natural resources and cutting greenhouse gas emissions.
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