Airbnb Inc, a United States-based home-sharing service provider, estimates that outbound travel by the company's Chinese mainland users will account for 71 percent of its total bookings during the upcoming Spring Festival holiday, with Japan and Southeast Asia being the favorite destinations.
Chinese policymakers should keep a close eye on digital finance risks by developing regulatory frameworks and supervisory approaches, according to a report jointly issued by the country's central bank and the World Bank Group on Sunday.
With committed efforts of both Chinese and Cambodian governments, the Sihanoukville special economic zone or SEZ along the southwest coast of Cambodia is upgrading itself.
Wuxi-based apparel retail chain Heilan Group Co Ltd became the city's first enterprise to generate more than 100 billion yuan in revenue, thanks to adoption of state-of-the-art technologies.
Editor's Note: Until a few years ago, economic stagnation bedevilled Wuxi, a city in East China's Jiangsu province. Now, for the first time, the local GDP exceeds 1 trillion yuan ($159 billion). This remarkable transformation came about on the back of industry upgrade. Based on extensive tours and interviews with key stakeholders, China Daily reporters capture the fascinating multifaceted story.
While the process of industrial transformation and upgrading is quite painstaking for privately owned manufacturing enterprises, it is a must given that China is looking for more added value.
There was a time when Yixing, a county-level city under Wuxi, used to be renowned for ceramic teapots and tourism.
Divergence in the performance of large State-owned lenders and private-sector listed banks in China will increase this year, and liabilities will be in focus as competition among them heats up, analysts said.
The Chinese currency renminbi is expected to stay strong against the US dollar in the short term, having risen 2.8 percent by the end of January and 6.3 percent in 2017, said Liu Gang, an analyst at China International Capital Corporation Ltd or CICC.
On a freezing evening in late January, Han Dan and a female friend jumped into a taxi in Beijing.
Arriving at Shanghai in his business jet late at night, Alex Gorsky had only a few hours' time to rest before appearing at Johnson & Johnson's Shanghai office at 6 in the morning.
The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company's mounting losses brought him back to Earth again.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
