The nation will take active measures to confront challenges from trade investigations launched by the United States and firmly defend its manufacturers' interests, a senior commerce official said in a statement released on Wednesday.
Technology giant Tencent Holdings Ltd has expanded its presence in Europe with an investment in German startup N26.
Digitalization of the economy, especially in terms of crypto-assets, could bring new challenges including tax evasion and money laundering, warned senior Chinese officials.
Chinese group-buying and dining information platform Meituan-Dianping has finally launched ride-hailing services in Shanghai, heating up competition with Didi Chuxing in the nation's burgeoning but cutthroat car-hailing market.
Private entrepreneurs in Fujian province must update their business and manufacturing practices if they want to move up the industry chain, officials said.
Protection of property rights is crucial to encourage and stimulate the private sector, said experts, after the nation's annual legislative session spotlighted the subject.
China will continue to open the onshore securities market to foreign asset managers and will grant them wider access to the market in a gradual manner, said an official of the Asset Management Association of China.
Local governments have been urged to curb new production capacity of urban rail vehicles as part of China's ongoing efforts to curb industrial overcapacity and prevent debt risks.
Zhejiang Geely Holding Group will step up its digitalization and electrification efforts as more cars will become electrified, smart mobile terminals connected to the internet, said its chairman Li Shufu on Tuesday.
The top 10 Chinese smartphone vendors, including Huawei Technologies Co Ltd and Xiaomi Corp, joined hands on Tuesday to promote technical standards for "fast apps," which are designed to compete against Tencent Holdings Ltd's mini programs.
China will waive income tax for foreign investors trading the country's new crude oil futures contract for three years so as to attract more overseas capital for the launch, the Ministry of Finance said on Tuesday.
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