Chinese outbound direct investment or ODI in the coming decade is forecast to reach $1.5 trillion, up 70 percent from the level during 2007-16, according to a new report by leading British law firm Linklaters.
China's top banking regulator is drafting rules on bankruptcy risk handling for commercial banks, aiming to provide sufficient guarantees for rapidly and thoroughly dealing with banks in crisis.
Ports in the capital's neighboring Tianjin and Hebei province will accelerate the pace of their integrated development in maritime transport, a move to support the coordinated development of the Beijing-Tianjin-Hebei region.
Manufacturers step up efforts to smash South Korea's global AMOLED display screen monopoly
A construction boom is underway as major companies in the flat screen sector increase production in high-tech AMOLED display units.
Display screen manufacturers in China are expanding their market share in the smartphone sector as they move into high-end products.
McDonald's Corp, the global fast-food chain that has forged a new partnership in China last month, will expand faster by opening 2,000 new restaurants in the next five years.
Chinese machinery manufacturers' revenue is expected to grow 8 percent to 26.51 trillion yuan ($3.94 trillion) this year on the back of the Belt and Road, or B&R, Initiative, potentially reversing two years of export slowdown, industry officials said on Tuesday.
Foreign smartphone brands BlackBerry Ltd and Sharp Corp returned to the Chinese market on Tuesday with the help of local electronics makers. The two companies hope to compete in the world's largest smartphone market, and square up against domestic rivals such as Huawei Technologies Co and Oppo Electronics Corp.
China's ride-hailing giant Didi Chuxing announced on Tuesday that it will invest in Dubai-based ride-hailing platform Careem, as part of a new partnership agreement between the two companies, to grow their networks in the Middle East and North Africa.
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Raymond Zhou
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Chen Weihua
