Datong in Shanxi province used to be known for its air pollution. Today, the former "coal city" has upgraded its industry structure and is accelerating its green development, launching brand new sectors, including general aviation.
The United States corporate tax reduction could provide an opportunity for Chinese companies to increase their market share and even become top leaders of their sectors in China, considering that their US competitors may adjust business strategies in China, EY experts said on Monday.
The residential housing market in Shanghai continued to contract due to limited supplies and lending restrictions during the fourth quarter of 2017, according to data from JLL, a realty services provider.
SHANGHAI - Stocks on the Shanghai Stock Exchange fell on Monday to break an 11-session winning streak, with gains in banking and real estate firms offset by falls in resources and industrial shares, as investors took in profits after a recent bull run.
The world's most populous country is in love with cats. China's 59 million feline pets have spawned a "cat economy", a key sector of the overall pet industry that was worth 134 billion yuan ($20.5 billion) last year, up from 100 billion yuan in 2016 and just 2 billion yuan in 2005.
BEIJING - While the world economy has seen a broad-based recovery in the past year, Chinese observers are wary that some "black swan" events could dampen growth prospects in 2018. Unique, eye-catching and hard to find, a black swan is as a metaphor to describe rare events with potentially catastrophic ramifications.
The business of co-working spaces has entered a new stage in China. Firms operating co-working spaces are seen as service providers equipped with intelligent tools. Such spaces can help promote smoother communication, higher working efficiency and better user experience among firms that use them, experts said.
Shares of companies related to consumption, particularly high-quality products and services, will continue to offer investment opportunities this year, analysts said.
BEIJING - In China, old economy and new economy are joining hands, bringing more long-term investment options to the capital market, analysts said.
Every night before going to bed Lu Yu takes a sip from a glass at her bedside. It's a habit she got into seven years ago in her first year at university, when she felt she needed a bit of alcohol-induced drowsiness to send her to sleep.
As the CEO of air purifier manufacturer Blueair, Mehmet Altinok quips that selling clean air is basically like selling ice cream, as they are both primarily seasonal products. One is a necessity in winter - especially in China - and the other is a summer treat.
MONTGOMERY, Alabama - Japanese automakers Toyota and Mazda on Wednesday announced plans to build a mammoth $1.6 billion joint-venture plant in Alabama that will eventually employ about 4,000 people.
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Raymond Zhou
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Chen Weihua
