NXP Semiconductors, the world's top chip maker for the auto industry, is in discussions with Baidu Inc on a partnership to promote self-driving technology, as part of a broader effort to tap into the booming internet of vehicle market in China, a senior executive said.
Chinese internet giants are teaming up with automakers in the race toward rolling out smart, internet-connected vehicles, which are widely seen as the ultimate mobile devices to connect people with online services.
The US Federal Reserve's plan to wind down quantitative easing from next month will sign a turning point of the global liquidity environment, which will have a long-term impact on major economies' interest rates and asset prices, analysts said after the US central bank's statement.
China International Capital Corp Ltd shares soared in Hong Kong on Thursday after tech giant Tencent Holdings accounced it was taking a 4.95 percent stake in the investment bank.
The public-private partnerships that China is now promoting should not be seen or used as a new channel of financing for the government, and preventing financial risk as well as economic upgrading shall always be seen as top priorities, a government official said.
China's economic growth will reach 6.8 percent year-on-year in 2017, although it may moderate next year to 6.6 percent, according to a forecast released on Wednesday by the Organization for Economic Cooperation and Development.
Delivery firms and pickup stations are getting ready for the world's largest shopping festival on Nov 11 organized by e-commerce giant Alibaba Group Holding Ltd, as its logistics arm Cainiao Network Technology Co Ltd prepares for the event with a vast, military-scale campaign.
Aircraft manufacturer Airbus Group SE on Wednesday inaugurated its first overseas wide-body completion and delivery center in Tianjin, and delivered its first European and Chinese made wide-body A330 aircraft to Tianjin Airlines from the new plant.
State-owned conglomerate China Merchants Group (CMG) said it will step up efforts to explore opportunities in the Belt and Road Initiative and use its rich experience overseas to help develop local economies.
An in-depth opening up of the Chinese financial market is expected to be a fundamental part of the country's economic growth strategy in the coming years, Harvey Schwartz, president and co-chief operating officer of The Goldman Sachs Group, said on Wednesday.
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