The possibility of China and the US engaging in a major trade war is low given their close economic links, said a former central bank adviser.
Social media is set to become a major gateway to shopping rather than a mere communication portal, as the younger generation of buyers are inclined to make purchases while watching livestreaming shows, according to a latest survey.
A satellite the size of a teakettle will be launched into space by the end of this year.
A new player in the space race is planning to launch 20 satellites by the end of 2018.
China's commercial space sector will eventually take off after a few bumpy launches.
China Railways Corp, the country's rail operator, plans to purchase 500 bullet trains with an operating speed of 350 kilometers per hour from China Railway Rolling Stock Corp by 2020, it said in a statement on Monday night.
British food and drink exports saw record growth in the first half of this year, rising by 8.5 percent year-on-year, buoyed in part by a 35 percent increase in exports to China, according to a report of UK's Food and Drink Federation.
Real estate developer China Poly Group Corp's merger with Sinolight Corp and China National Arts and Crafts Group marks a future trend in China's ongoing efforts to improve its State sector, an expert said.
Tencent Holdings Ltd, the operator of China's largest social media network WeChat, is extending into e-commerce by empowering industry players through its 8-month-old in-app feature.
China's top banking regulator has approved the commencement of business of the first direct bank that will operate as an independent legal entity in China.
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