BEIJING - China's decision to establish a committee to oversee financial stability and development will be key to reform and coordinated regulation of the financial sector, economists said. "The reason why China has decided to launch a financial stability and development committee is that it could shore up weak links in supervision and strengthen comprehensive coordination," said Lian Ping, chief economist with Bank of Communications.
British premium automaker Jaguar Land Rover has announced it will build its new compact SUV Jaguar E-PACE in China to tap into the craze for such vehicles.
China's imports of major agricultural products continued to increase fast in the first five months of the year, driven by price gaps between domestically produced products and imported products, according to the Ministry of Agriculture.
"In the first week we got here, we completely changed our design," said Asif Khan, from Canada, who is now starting his own business in Shenzhen, Guangdong province.
Ergonomic office furniture makers say they have not sat still - riding a booming business in China, where an increasing awareness by office workers of the need for healthy lifestyles has seen them move to alter their sedentary work schedules.
Economists, analysts and business leaders discuss the prospects for growth in the country during the next six months
After delivering frigates to naval forces of Algeria and Pakistan, and mega-container ships, liquefied natural gas or LNG carriers and vehicle carriers to shipowners in the United States, Norway, Denmark, Germany and Singapore, Chinese shipyards have recently made inroads into the high-end ship segment, to compete with their South Korean competitors.
State-owned China State Shipbuilding Corp is going beyond building navy vessels and making advanced scientific research ships. For long, it was the largest supplier of surface combatants to the Chinese Navy.
In the world's machine tools industry, China's State-owned Jier Machine Tool Group Co, based in Jinan, capital city of East China's Shandong province, has been blazing a trail in the segment of automobile stamping lines.
With Chinese shipyards' key customers of the global oil industries struggling to raise prices due to pressure from greener energy such as wind power, natural gas and green vehicles like those made by Tesla, the former are looking to stay afloat by building more offshore facilities and specialized vessels than low-end oil rigs.
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Raymond Zhou
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