NetsUnion Clearing Corp, China's newly established clearing house for online payments supervised by the People's Bank of China, will clear half of the transactions that are expected to be made during the upcoming Nov 11 Singles Day shopping festival.
China is contemplating more measures to improve the overall business environment for foreign companies focused on the services sector, including a lower cross-border investment threshold, a leading think tank said on Tuesday.
China's outbound direct investment from non-financial sectors dropped 41.9 percent year-on-year to $78.03 billion between January and September, the Ministry of Commerce announced on Tuesday.
Chinese home appliance giant Haier Group will have 10 interconnected factories in the US, Europe and Asia-Pacific markets by the middle of next year, said a top executive.
Huawei Technologies Co Ltd is banking on its artificial-intelligence-enabled smartphone Mate 10 to counter US tech giant Apple's dominance in the top-end smartphone segment, analysts said on Tuesday.
Major Chinese online retailers are beefing up efforts to build intelligent logistics systems, by deploying robots in warehouses to enhance work efficiency, in preparation for the upcoming Singles Day shopping spree.
The world's second-largest economy is likely to reach a growth rate of 7 percent in the second half of this year, China's central bank governor Zhou Xiaochuan said on Sunday in Washington.
The Asian Infrastructure Investment Bank is poised to continue expanding its membership after approving 80 members since its launch less than two years ago, its president, Jin Liqun, said on Sunday in Washington.
Qualcomm Inc's decision to file a patent lawsuit against Apple Inc in China is putting pressure on the US smartphone maker as it faces mounting competition from local rivals, analysts said on Monday.
The first batch of subway trains manufactured by China for Boston Subway's new Orange Line is expected to be shipped to the city in December, its manufacturer said on Monday.
China will achieve annual goals in its fiscal budget this year despite a possible slowdown in the government's revenue growth in the next three months, an official from the Ministry of Finance said on Monday.
Shanghai authorities have rolled out new measures to woo more foreign-funded research and development centers to the city as part of the efforts to transform it into a global technological innovation hub by 2030.
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