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.
Kweichow Moutai Co, the best-known high-end Chinese liquor, has witnessed rising demand and a supply shortage in the weeks leading up to Mid-Autumn Lantern Festival and the National Day holiday.
China will operate more than five magnetic levitation rail lines with maximum speed of 160 kilometers per hour in cities including Chengdu, Wuhan and Guangzhou by 2020, said its manufacturer CRRC Dalian Co Ltd on Monday.
It is always painful to see something useful being turned into rubbish, and that may be the tragic fate shared bikes are embracing.
Alibaba's four year old Yu'E Bao fund - which in April became the world's biggest money market fund - on Monday cut its maximum holding ceiling for individual investors, in a move analysts said was in preparation for a potential strengthening of rules covering money market funds in China.
The southern state has benefited from foreign direct investment in the US and the rise of mainland firms setting up factories there
Everyone knows e-commerce and modern retail have transformed shopping in China, but not many are aware that the same innovative spirit is revving up a revolution in automotive sales in the world's largest car market.
China Petroleum and Chemical Corp, the world's largest refiner, which is also known as Sinopec Corp, is foraying into auto sales, based on its nationwide fuel station network.
After a year of imaginative management, HBIS Group of China has succeeded in turning around the troubled Smederevo steel mill, Serbia's largest, reinforcing the view that the conglomerate's go-global strategy is yielding positive results.
Vehicle owners in China often turn to non-dealers for service in the early stages of ownership, even when most vehicles are still under warranty, according to an industry report.
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Raymond Zhou
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