Chinese machinery manufacturers' revenue is expected to grow 8 percent to 26.51 trillion yuan ($3.94 trillion) this year on the back of the Belt and Road, or B&R, Initiative, potentially reversing two years of export slowdown, industry officials said on Tuesday.
Foreign smartphone brands BlackBerry Ltd and Sharp Corp returned to the Chinese market on Tuesday with the help of local electronics makers. The two companies hope to compete in the world's largest smartphone market, and square up against domestic rivals such as Huawei Technologies Co and Oppo Electronics Corp.
China's ride-hailing giant Didi Chuxing announced on Tuesday that it will invest in Dubai-based ride-hailing platform Careem, as part of a new partnership agreement between the two companies, to grow their networks in the Middle East and North Africa.
Xiongan New Area disclosed on Monday that it has established a State-owned company for the investment and construction of local infrastructure and other facilities, a major step toward creating a new economic zone in the area.
China's oil majors are preparing for the day when gasoline demand dwindles and electric-powered cars rule the roads.
A price war between China's State-owned oil majors has cut costs for motorists at gasoline stations in a move to combat overcapacity and the rise of "teapot" refineries.
China is the world's largest market for electric cars and at the heart of this new energy drive is the lithium battery.
China's central bank said it will strengthen regulation of companies engaged in financial technologies or fintech in a bid to prevent risks.
China's largest coal miner Shenhua Group and energy producer China Guodian Corp, which are mulling a merger, have extended suspension of trading in their shares for the fifth time.
Chinese financial giant Ping An Insurance (Group) Co will spend more than 7.77 billion yuan ($1.16 billion) on technology research and development this year, and artificial intelligence will be the focus of that R&D, according to a senior executive of the company.
Alibaba Group Holding Ltd, China's e-commerce behemoth, and Marriott International, the world's largest hotel company, on Monday announced a new joint venture to streamline and upgrade the travel experience for hundreds of millions of Chinese tourists.
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Raymond Zhou
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