Chinese central bank has innovated another policy tool to avoid a temporary cash shortage during the upcoming national holiday, while bearing in mind that too much money supply is the origin of asset bubbles that threaten financial stability.
Burgeoning self-driving technologies are expected to give China an edge in advanced driver assistance systems, algorithms and software, analysts said.
China's foreign exchange regulator will likely focus on keeping the country's currency stable this year while allowing greater flexibility in the exchange rate, economists said on Monday, with some believing there may still be potential for the yuan's further appreciation against the US dollar.
Bike-sharing titan Mobike Technology Co Ltd recently officially launched its car-sharing service in China's southwestern Guizhou province, marking the company's first attempt to expand into the short-term car-rental market.
The application of artificial intelligence has gone far beyond driverless cars or futuristic robotics that outsmart men in the strategy board game Go.
BEIJING - As the world's second biggest economy is at a historic transition, its central bank, the People's Bank of China (PBOC), has many balls to juggle. Sustaining growth, supporting structural reform, curbing asset bubbles and averting financial risks - in face of the increasingly delicate tasks, the PBOC's monetary regulation has also evolved.
BEIJING - On Christmas Day, a cargo train loaded with 90 standard containers of goods left Zhengzhou, Central China's transport hub, for Hamburg in northern Germany. It marked the 1,000th such trip between the two cities.
Commercial banks are looking at ways to boost growth by helping green technology companies as the financial sector and China's economy go through a transformation.
China Zheshang Bank Co Ltd is working closely with small and medium-sized enterprises in the high-tech sector.
Banking regulators are encouraging commercial lenders to help develop emerging industries, overhaul credit structures and look for new growth opportunities.
With two wanghong food businesses - an ice cream parlor and a dumpling house - under his belt, 38-year-old restaurateur Lu Xiaoxun says he has no idea what makes either an internet sensation, the literal translation of the term.
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