China's artificial intelligence-focused startups received record financing of 19.3 billion yuan ($2.87 billion) in the first half of 2017, with mid-and late-stage deals dominating across the period, according to a recent report.
BEIJING - Once known as the "world's factory" for producing cheap goods, China is relentlessly moving into an advanced stage in manufacturing upgrades at a time when the real economy matters like never before.
BEIJING - This year marks the 200th anniversary of the birth of bikes.
Industry, business and professional associations in China will soon formulate and adopt standards for their respective sectors, which is an organizational innovation, industry insiders said.
CHONGQING - Paying for your groceries by scanning a QR code on your smartphone is a perfectly normal thing to do in China today. As cold hard cash appears set to vanish into the mists of time, it seems that the cashiers are about to evaporate too.
Improved asset quality may spin higher profits of around 700 billion yuan in first half
With more banks offering services for inclusive finance, companies offering credit reporting systems based on big data analysis will benefit, said analysts.
When Wang Fulin visited London it was not Buckingham Palace, the Tower of London, black taxis or red doubledecker buses that left the deepest impression on him.
Wang Liping talks as if it had just happened yesterday.
Despite recent controls on capital outflows, Chinese healthcare and life science companies will continue to find ample opportunities for mergers and acquisitions or M&A abroad, according to a report by Deloitte Touche Tohmatsu, one of the "Big Four" global accounting firms.
Young urbanites, among the key drivers of China's consumption-driven economy, may not increase their total spending this year due to slowing economic growth and dimmer prospects for pay rises, according to a report by UK research firm Mintel.
Chinese companies have expressed an interest in securing exploration acreage to find gas in waters off the Isle of Man, the self-governing British Crown Dependency located between the United Kingdom and Ireland, said a senior government official.
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Raymond Zhou
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