Editor's note: China's gross domestic product expanded at a rate of 6.9 percent in the first half of this year. In a series of interviews, China Daily asked economists, analysts and business leaders about the prospects for economic growth in the country. Below is an interview with Xu Hongcai, an economist with the China Center for International Economic Exchanges.
Apple Inc is launching a large promotion campaign in China to promote Apple Pay, in a move to expand its presence in the local mobile payment market dominated by Alibaba Group Holding Ltd and Tencent Holdings Ltd.
China notified the World Trade Organization on Tuesday it will ban the import of 24 different types of solid waste shipments by the end of this year, as part of a campaign to tackle environmental pollution, Reuters reported.
China National Cereals, Oils and Foodstuffs Corp, the country's biggest food trader by revenue, will accelerate its pace of building warehouses and logistics facilities in the world's major grain-producing regions this year, said a senior executive on Wednesday.
Telecom companies are ratcheting up their 5G research and development spending as China scrambles to commercialize high-speed services.
China has built the world's largest 4G network within just four years.
China's major telecom carriers are cutting charges in a move to help individual customers and startups benefit from super-fast internet access.
Chinese telecom carriers are rushing to roll out "internet of things" technology for consumers in a wide range of areas from smart homes to smart parking.
China National Nuclear Corp, one of the country's largest nuclear companies, is one step closer to exporting its high-temperature gas cooled reactor projects to countries including Saudi Arabia and the United Arab Emirates, with its HTGR fuel assembly line entering mass production.
The creation of a new financial stability committee and a top policymakers' pledge to strengthen regulation at the national financial meeting will help resolve potential systemic risks and support the long-term stability of China's financial sector, a senior official and experts said on Tuesday.
Large Chinese cities will be beneficiaries of increased foreign direct investment through new channels in the service sector, thanks to a fairer market environment and stricter laws to protect intellectual property, said experts on Tuesday.
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Chen Weihua
