Xiongan New Area disclosed on Monday that it has established a State-owned company for the investment and construction of local infrastructure and other facilities, a major step toward creating a new economic zone in the area.
China's oil majors are preparing for the day when gasoline demand dwindles and electric-powered cars rule the roads.
A price war between China's State-owned oil majors has cut costs for motorists at gasoline stations in a move to combat overcapacity and the rise of "teapot" refineries.
China is the world's largest market for electric cars and at the heart of this new energy drive is the lithium battery.
China's central bank said it will strengthen regulation of companies engaged in financial technologies or fintech in a bid to prevent risks.
China's largest coal miner Shenhua Group and energy producer China Guodian Corp, which are mulling a merger, have extended suspension of trading in their shares for the fifth time.
Chinese financial giant Ping An Insurance (Group) Co will spend more than 7.77 billion yuan ($1.16 billion) on technology research and development this year, and artificial intelligence will be the focus of that R&D, according to a senior executive of the company.
Alibaba Group Holding Ltd, China's e-commerce behemoth, and Marriott International, the world's largest hotel company, on Monday announced a new joint venture to streamline and upgrade the travel experience for hundreds of millions of Chinese tourists.
Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.
Editor's Note: This year marks the 70th anniversary of the establishment of the Inner Mongolia autonomous region. In a birthday tribute, China Daily takes a far-reaching look at the region's industries and how they have helped generate growth.
A major Chinese chemical company will increase production of indigo dye to cope with rising demand as it expands its export base.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
