Cosmetics company lends helping hand to fight cancer in China

Amorepacific, a leading cosmetics firm from South Korea, will invest 30 million yuan ($4.75 million) over the course of three years to support the prevention and treatment of breast cancer and cervical cancer in China.

IN BRIEF (Page 18)

Banking supervision to intensify

The government will continue to tighten supervision on the banking sector with regulations that could extend into credit beyond the reach of supervisors, the head of a provincial office of China Banking Regulatory Commission said.

Lenders to get more tools for financing

China will support innovation of financial instruments to further expand channels for capital replenishment at commercial banks, looking to ease lenders' capital pressure and improve their ability to serve the real economy.

B&R Initiative drives Chint's expansion

Chint Group, China's leading industrial electrical equipment and new energy enterprise in the private sector, is pushing forward intelligent manufacturing and photovoltaic industry presence, as well as expanding its presence in countries and regions relating to the Belt and Road Initiative.

Bike rental firms to step up the ante as competition grows

Competition in China's cutthroat bike rental sector has reached new heights, with key players announcing generous funding plans and deposit-exemption schemes that require solid financial backing.

Top domestic brands gaining global recognition for quality

China is fast emerging as brand leader in a wide variety of sectors and many of the leading domestic companies are gaining global recognition for quality, according to a new report from Brand Finance, a London-based brand valuation consultancy.

Deleveraging battle to intensify

China's ongoing deleveraging battle will continue to focus on easing corporate debt burden, adding debt-to-asset ratio into their performance assessment, while increasing scrutiny over local government and household leverage, according to a senior economist with an international financial group.

TCL plans AI center in Eastern Europe

Consumer electronics giant TCL Corp will set up a research and development center in Eastern Europe with a focus on artificial intelligence research, and pour more resources into the next-generation semiconductor display technology such as flexible displays, as part of a broader push to drive high-quality growth.

China joins top ranks in field of 5G technology

The nation has joined the top ranks in the field of 5G technology, transforming from a follower to a global innovator to gain a lead in the uphill battle for the next generation of mobile communication technology.

3D-printed electric cars coming

Italy-based X Electrical Vehicle, or XEV, expects to launch its mass-producible 3D-printed LSEV electric cars in China from the second quarter of next year, a senior designer of the company said in Shanghai on Monday.

Chinese firms find sweet spot in overseas brand acquisitions

Chinese companies are acquiring foreign brands so that they can introduce the brand and its products to domestic shoppers, according to retail experts.