Clean energy including non-fossil energy and natural gas will replace coal as the primary energy source by 2030 and account for more than half of China's energy mix by around 2045, a leading economics think tank in China said on Wednesday.
As China's regulatory environment on overseas transactions gets tighter, domestic companies buying up assets overseas should adopt a more prudent and rational outlook, experts say.
China's money supply growth slowed to its lowest level on record in July as regulators continue to keep a grip on fending off financial risks.
Construction of the first stage of the Hungary-Serbia railway, China's debut rail line in Europe, will start in November, a top Serbian official said on Tuesday.
Africa has become a new hot destination for Chinese tourists this summer, as the continent's cooler weather and more relaxed visa policies have boosted local tourism.
China is likely to build two shale gas facilities in the central and southern parts of the country and issue more tenders for oil and gas exploration, the Ministry of Land Resources said on Tuesday.
A Chinese businessman has bought a major stake in Southampton Football Club.
China's credit asset quality remains generally stable, with the nonperforming loan ratio of commercial banks unchanged, quarter-on-quarter, at 1.74 percent as of June 30, said the country's top banking regulator.
China has further room to improve the current controlled floating exchange rate regime, as it moves toward the ultimate goal to allowing the yuan to float freely, said a former senior official with the nation's top forex regulator.
The yuan is expected to be on the higher side in the second half of 2017 as China's capital outflows reduce and optimism grows over the nation's economic growth, said a senior US economist.
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Raymond Zhou
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Chen Weihua
