China Railway Corp, the country's railway operator, aims to complete corporate system reform of its non-transportation businesses in the first quarter of 2018, said a source at one of these subsidiaries on Thursday.
Ele.me, one of the largest players in China's food delivery service sector, has officially announced the purchase of its rival Baidu Waimai, the food delivery unit of major internet search engine Baidu Inc - a move that's expected to shore up Ele.me's lead in a fiercely competitive industry.
China's current debt has not surged to an outlandish level, but the country should press ahead with reforms as the economy retains its strong growth momentum, a senior representative with the International Monetary Fund said on Thursday.
The robots showcased at the ongoing World Robot Conference in Beijing are becoming increasingly smart with the help of artificial intelligence technologies, offering assistance in a range of fields including playing the piano and basketball, teaching children English and medical advice.
China's State-owned enterprises saw a 23.1 percent increase in profits year-on-year from January to July, the Ministry of Finance said in a statement on Thursday.
SHENYANG - Supply-side reform has been reinvigorating State-owned enterprises across the nation, but it is not all plain sailing. Due to the strict quality standards required for such products, few Chinese companies are able to produce the material needed for the caps of mineral water bottles, but Fushun Petrochemical has proved an exception to the rule.
The CEO of Thales aims to double the group's business in China during the next five years and take advantage of the booming aerospace sector
Siasun Robot & Automation Co, China's largest robot maker by market value, will step up efforts to acquire foreign companies, as it strives to become a global robot heavyweight in 2020.
Microsoft Corp has unveiled its latest generation of smart chatbot, which can now voice control 35 smart home appliances made by Xiaomi Corp, as part of its broader push to tap into internet of things opportunities in China.
Chinese excavator manufacturers are expected to see a 50 percent year-on-year jump in sales to 120,000 units by 2017, despite the low stocks available due to the quiet market in the past five years, officials said on Wednesday.
Chinese conglomerate Dalian Wanda has pulled out of plans to buy part of the Nine Elms Square site in central London, which comes hot on the heels of the Chinese government's latest rules on investment in overseas deals.
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