The new free port within the China (Shanghai) Pilot Free Trade Zone in Shanghai will focus on the development of offshore trade and finance, industry insiders said, adding that the plans are now gathering speed.
Tax incentives will be expanded in China to reduce costs for agriculture-related and small-scale businesses, encouraging bank lending to support real economy development, according to a joint announcement on Monday by the Ministry of Finance and the State Administration of Taxation.
China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said.
Logitech International SA, the Switzerland-based hardware accessories maker, is expanding its presence in the rapidly growing gaming sector and expects China to become its largest regional market in the next three to five years, a top company executive said.
Cambricon Technologies Co, a Chinese artificial intelligence chip startup backed by Alibaba Group Holding Ltd, said on Monday that it aims to have one billion devices using its semiconductor intellectual properties in three years.
JD Finance, the financial subsidiary of China's second biggest e-commerce player JD.com Inc, launched an enterprise-level cloud services platform on Monday, by leveraging its big data, cloud computing and artificial intelligence to better serve financial institutions.
WASHINGTON - China and the United States have the world's most consequential economic relationship and it really pays for them to cooperate a great deal, an economist with US-based think tank RAND Corporation has said.
This winter, amid sub-zero temperatures, China's food delivery market will turn red hot.
China's instant food market, where noodles and frozen food reigned supreme once upon a time but fell upon bad times due to the rise of food delivery firms, is not only recovering but set to grow rapidly again.
Haidilao Hotpot, the restaurant chain that leads the hotpot catering market in China, launched an instant variety of its famous offering last quarter. The new variety cooks in 15 minutes and is priced 35.90 yuan ($5.42).
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Raymond Zhou
Op Rana
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Chen Weihua
