China leads the pack in the next healthcare breakthrough with the government and stalwart innovators bankrolling a big effort in artificial intelligence and big data that could essentially blaze a new trail in the sector, says an expert.
China will consider establishing a policy-based financial institution for residential housing to cater to the country's relatively resilient housing demand, according to the top economic regulator.
China is developing a new type of medium to low-speed magnetic levitation train, or maglev train that can attain a top speed of 160 kilometers per hour, said an executive of the country's railway technology development.
China will establish a State financing guarantee fund and support leading innovative enterprises in going public as part of the country's efforts to make the economy more innovative and competitive, according to the annual Government Work Report delivered by Premier Li Keqiang on Monday.
Foxconn Industrial Internet Co, a unit of Hon Hai Precision Industry Co, the manufacturing giant responsible for making Apple iPhones and Amazon Fire tablets, is inching closer to listing its shares in the A-share market, thanks to the fast-track approval process for innovative industries.
Ofo Inc has mortgaged part of its bicycle fleet to companies affiliated with Alibaba Group Holding Ltd to raise 1.76 billion yuan ($278 million), as the Chinese bike-sharing startup works hard to solve its reported cash crunch.
The crucial property industry, one of the drivers of China's economic boom of the last three decades, will continue to stabilize and grow this year, if expectations of deputies attending the ongoing annual session of the National People's Congress are any indication.
When is it a good time to buy a home? That's been a no-brainer for the Chinese for decades. The simple, timetested, indisputable answer has been: "At the earliest".
For more than a decade, property tax has been regarded by speculative investors as a Pandora's box - once levied, it could lead to many unforeseen situations, pushing home prices this way or that. Or so they believed.
One February morning, nearly 9,000 people braved sub-zero temperature and chilly wind to assemble at a Beijing stadium to wildly cheer their employer's stupendous success overseas.
Now that the Spring Festival holiday is over, home rentals in Beijing are expected to rise because of two factors.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
