Entrepreneur Sun Lingjun knows all about Summer Davos as it changed his life.
Advanced computer numerical control machine tools, or CNCs, have boosted China's key manufacturing sectors and added over 70.6 billion yuan ($10.3 billion) to industrial output over the past eight years, a senior government official told a media briefing on Monday.
Riding on the growth of China's economy, the number of people in the nation with at least 10 million yuan ($1.46 million) in investable assets has expanded more than eight-fold within just a decade to around 1.58 million in 2016.
Chinese commercial realty sales are expected to reach 260 billion yuan ($38 billion) by 2020, up 45 percent from the 2016 level, underlining huge investment potential in the sector, an industry report showed.
BEIJING - Chinese consumers are becoming increasingly sophisticated and brand-savvy, underpinning a fast-growing market for luxury products, according to an Italian luxury material manufacturer.
URUAPAN, Mexico - When talk turns to China, the destination of avocados, Elena Roman lights up, carefully packing the fruits at a plant in the west-central Mexican state of Michoacan. "It's nice to think they are going to travel as far as there, it's exciting to know that," Roman, 40, said in the small verdant town of Uruapan.
Investable assets in China's private wealth market will continue to grow this year, but the annual growth rate will be lower, an industry report said.
Foreign institutional investors' or FIIs' holdings of yuan-denominated bonds increased in May but only just, and fell short of expectations, due to talk that a much-anticipated Bond Connect may link the Chinese mainland and Hong Kong markets soon, market people said.
Smaller banks are experiencing record high borrowing costs to raise funds as they are caught between seasonal cash squeeze and the official deleveraging drive.
He is notorious for his cold calculation,
China has more than 4,500 museums, State-owned and private ones. And visiting exhibitions there is common for many Chinese. But 50-year-old Cao Wei says that many do not have fun during their visits.
An international team of scientists have identified the most complete hatchling specimen found so far encased in a Burmese amber, which provides a detailed look at young birds that lived nearly 99 million years ago. According to Xing Lida from China University of Geosciences, who is leading the research, the 9-centimeter-long specimen included most of the skull and neck, a partial wing and hindlimb, and soft tissue of the tail.
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