Midea Group Co is looking to reap the benefits from its global strategy as it seeks to transform from a traditional household appliance giant into a heavyweight technology company.
PCI-Suntek Technology Co Ltd will spare no effort in developing its facial recognition technology, smart transportation and related artificial intelligence business in the coming years, a senior company executive said.
Guangzhou, capital of the southern Chinese province of Guangdong, has emerged as an international exchange center and a new hub of global integration under China's Belt and Road Initiative.
Guangzhou's success in bidding to play host to the 2017 Fortune Global Forum is thanks to the acclaimed business-friendly environment it has established.
The ongoing 2017 Fortune Global Forum in Guangzhou, capital of South China's Guangdong province, highlights the city's growing strength in attracting investment in emerging industries.
The Guangzhou government has set up its first offices in the United States - in Silicon Valley and Boston - as part of its plan to promote the city overseas and attract global professionals.
Guangzhou, capital of South China's Guangdong province, has improved its competitiveness as a regional transportation hub and an international financial and trade center in recent years.
To embrace the nation's Made in China 2025 strategy, Guangzhou, Guangdong province, plans to develop the next-generation IAB industries - information technology, artificial intelligence and biomedicine.
Guangzhou has entered a new stage of growth in the biopharmaceutical industry, as the number of industrial parks there have continued to mushroom in recent years.
Guangzhou has witnessed explosive growth in its high-tech sector, amid efforts to establish itself as an international hub for innovation.
China's monetary policy is on the way to being further tightened, aiming to curb the soaring debt growth especially in State-owned enterprises and local governments, a former central bank policy advisor said.
Resolving the problem of "zombie" firms can generate significant GDP gains of 0.7 to 1.2 percentage points per year for China over the next 10 to 15 years, IMF research said.
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Raymond Zhou
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Chen Weihua
