The country's three telecom carriers announced on Thursday that they will scrap domestic long-distance and roaming charges from Sept 1, a month ahead of the deadline set by the State Council.
Profits earned by major industrial firms witnessed steady growth in June, the latest sign of continued recovery in the world's second-largest economy.
Shanghai-based COMAC, the company that produces the C919, China's first large passenger plane, will launch function testing of its second homegrown large aircraft soon, which is expected to have its maiden flight in the fourth quarter, official sources said.
Foxconn Technology Group, the world's largest electronics contractor, announced on Thursday it will invest $10 billion in the next four years to build a liquid-crystal display panel manufacturing facility in Wisconsin in the United States.
Since the outbreak of the global financial crisis in 2008, Western developed countries have long been trapped in a slow economic recovery and high levels of debt. Protectionism, populism and anti-globalization have begun to emerge, casting a shadow over world economic progress.
The CEO of Carter's plans a new era of growth in China for the children's clothing brand which has stood the test of time in the US
Export-oriented provinces and municipalities sustained high-speed growth in the first half, while regions relying on smokestack industries, though still lagging behind, have gradually gathered pace as economic structures improved.
Three senior executives from China's biggest ride-hailing company Didi Chuxing have joined Chinese bike-sharing startup Ofo Inc. The move is seen as an indication of the strengthening influence that Didi is having on Ofo.
Chinese tech giants are busy deploying their cloud offerings overseas - paving the way for the growing number of local companies expanding aggressively abroad and their projected demand for data storage and processing.
China's top securities regulator said on Wednesday that it will maintain a regular pace of approving initial public offerings to help companies raise funds and allow the capital market to better serve the economy.
Chinese mainland stock exchanges are carrying out trials to allow individuals to buy local government bonds, in a move aimed at decreasing financing costs and improving liquidity.
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Raymond Zhou
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