Yuan exchange rates will have a more stable foundation after the 19th National Congress of the Communist Party of China and the market will have a bigger role in determining the currency's value, a top central bank official said on Wednesday.
China Telecommunications Corp, the country's third largest telecom carrier by mobile subscribers, said on Wednesday that Brazilian telecom company Oi SA was among the several potential targets it had considered for investment, Bloomberg reported.
China will outpace the world in making servers to power artificial intelligence, cloud computing, and big data applications as these cutting-edge technologies are widely seen as the next frontier of innovation, according to a renowned server expert.
China's holdings of US treasuries rose for a third consecutive month in August to the highest in a year on the back of rising foreign exchange reserves and expectations that the greenback may appreciate further.
NetsUnion Clearing Corp, China's newly established clearing house for online payments supervised by the People's Bank of China, will clear half of the transactions that are expected to be made during the upcoming Nov 11 Singles Day shopping festival.
China is contemplating more measures to improve the overall business environment for foreign companies focused on the services sector, including a lower cross-border investment threshold, a leading think tank said on Tuesday.
China's outbound direct investment from non-financial sectors dropped 41.9 percent year-on-year to $78.03 billion between January and September, the Ministry of Commerce announced on Tuesday.
Chinese home appliance giant Haier Group will have 10 interconnected factories in the US, Europe and Asia-Pacific markets by the middle of next year, said a top executive.
Huawei Technologies Co Ltd is banking on its artificial-intelligence-enabled smartphone Mate 10 to counter US tech giant Apple's dominance in the top-end smartphone segment, analysts said on Tuesday.
Major Chinese online retailers are beefing up efforts to build intelligent logistics systems, by deploying robots in warehouses to enhance work efficiency, in preparation for the upcoming Singles Day shopping spree.
The world's second-largest economy is likely to reach a growth rate of 7 percent in the second half of this year, China's central bank governor Zhou Xiaochuan said on Sunday in Washington.
The Asian Infrastructure Investment Bank is poised to continue expanding its membership after approving 80 members since its launch less than two years ago, its president, Jin Liqun, said on Sunday in Washington.
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