Under the guidance of China's central bank, China UnionPay has launched a mobile payment application jointly with more than 30 commercial banks, in an effort to enhance competition with mobile payment giants such as Alipay and Tenpay.
China's top insurance regulator is considering revising the rules for the country's insurance security fund, which will allow the fund to provide necessary liquidity support to insurers in case of crisis.
China's money supply growth rate and the newly issued yuan-denominated loans both increased in November to support economic growth, although the monetary authority reiterated that risk prevention should be the policy priority.
Orders for China's rebounding shipbuilding industry reached the top place in the world in the past 11 months, surpassing its counterpart South Korea, according to an international industrial analysis agency.
Vehicle sales posted a meager 0.7 percent year-on-year growth in China during November to 2.96 million units, according to data released by the China Association of Automobile Manufacturers on Monday.
China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.
The world's largest floating photovoltaic power station was connected to the grid and started generating power in Anhui province on Sunday, with the remaining capacity to be connected in May, said China Three Gorges Corp, the world's largest hydropower producer.
China is likely to achieve its goal of reducing coal capacity by 500 million metric tons well ahead of the planned three to five years target, according to a top industry official.
Chinese carmaker Beijing Automotive Group Co will phase out conventional fuel-powered cars under its own brand by 2025 as part of its ambitious new energy car campaign, according to a top company official.
At 6 am, Yang Xia, 26, is already up and about, complete with attractive makeup, ready to roll for yet another hectic 12-hour work day to turbocharge new-age Chinese brands.
Yixia Tech, a Beijing-based firm that operates Yizhibo, an online video service in the mold of YouTube, has teamed up with Chinese social media giant Weibo to add a new dimension to the world of app-based business.
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