China released a three-year action plan to upgrade manufacturing sectors such as new materials, shipbuilding and railway vehicles to catch up with other established rivals in the world, the nation's top economic planner announced on Monday night.
Hubei province has completed the technical design of its offshore nuclear power station and will soon start its construction, with the first marine reactor to be delivered in 2020.
Enterprises violating overseas investment rules will be blacklisted and face 39 penalties imposed by the nation's top regulators as China takes further steps to curb irrational and unauthentic offshore investment moves.
Sunsea Parking Industry Group Inc said on Tuesday that it has raised 1.5 billion yuan ($227 million) in financing to further expand its services in China and gain an edge in China's emerging car parking industry.
China's finance ministry will coordinate with other government departments to introduce a policy regime which supervises and evaluates the pilot program that will transfer shares of State-owned enterprises and financial institutions to the country's social security fund.
German automaker Volkswagen AG is joining hands with Anhui Jianghuai Automobile Co Ltd (JAC Motors) to develop and sell commercial vehicles in China in an effort to grab a slice of the segment that is growing rapidly in the world's largest car market.
The National Internet Finance Association of China recently passed a resolution to jointly launch a personal credit information platform with eight third-party credit service agencies.
International SOS, the world's leading medical and travel security assistance company, said it is ramping up efforts to win more clients in China, including those setting to expand in economies related to the Belt and Road Initiative.
China's plan to put the internet Protocol version 6-based network into large-scale use will boost the development of the internet industry and facilitate the application of digital technologies in industrial sectors, analysts said on Monday.
The City of London's new lord mayor will push for the United Kingdom's main financial district to do more business with China.
BEIJING - While the market debates China's latest round of economic growth, national regulators are focusing on an equally important factor of the economy: financial cycles. In its latest quarterly monetary policy implementation report, the People's Bank of China, the central bank, devoted a special column to this concept, describing it as an "increasingly significant issue" that should be dealt with macroprudential approaches to prevent systemic risks.
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Raymond Zhou
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