Foreign direct investment in China's non-financial sectors grew 1.9 percent year-on-year between January and October to 678.7 billion yuan ($102.19 billion), the Ministry of Commerce said on Tuesday.
BOE Technology Group Co Ltd plans to ramp up its efforts in the internet of things sector by utilizing display, sensor, artificial intelligence and big data technologies, as well as working with partners in computing, storage, software and other related equipments to build an industry ecosystem.
Shanghai is looking to become China's hot-spot for artificial intelligence and wants to expand the industry scale in the city to more than 100 billion yuan ($15.06 million) by 2020, according to a new municipal plan issued on Tuesday.
China's newly launched cabinet-level committee, in charge of financial stability and reform planning, is expected to take responsibility for coordinating monetary, fiscal and industrial development policies, to better serve the real economy while avoiding conflicts.
WASHINGTON - Once again, China tops a new list of the world's fastest supercomputers, not only taking the first two places, but also pulling ahead of the United States in the sheer number of systems being used.
The nation's new loans and the broad measure of money supply or M2 fell to a record-low in October as lenders tightened mortgage lending and corporates stayed away from bank loans, amid an overall clampdown on shadow lending activities.
China's crude oil imports from Russia are expected to double from next year with necessary infrastructure work on the second Sino-Russian crude oil transmission pipeline being completed on Sunday.
The country may be starting to beef up. By the end of September, US beef exports to China reached about a thousand metric tons for a total of $12.5 million since the export ban was lifted in May, according to the US Meat Export Federation.
Automotive giant Zhejiang Geely Holding Group said on Monday that it will roll out its first flying car in 2019 in the US after the Chinese company decided to buy Massachusetts-based startup Terrafugia, which is pioneering such vehicles.
Changan Automobile Co has started testing its autonomous driving technologies in California, the United States, and hopes to market its mass-produced autonomous cars by 2020.
China's natural gas consumption will increase this year on the back of continued policy backing from Beijing, as part of a broader clean-energy drive to replace coal with natural gas and other efforts to reduce chronic air pollution.
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