China released a national guideline on road tests for self-driving vehicles on Thursday, as part of a broader drive to accelerate the development of the technology and gain the advantage in commercializing such vehicles.
A unit of Chinese internet giant Tencent Holdings Ltd has teamed up with State-owned Chongqing Changan Automobile Co to develop business related to smart and connected vehicles.
The country's digital economy accounted for 32.28 percent of its gross domestic product in 2017 and remained an important pivot for the country's economic growth, a new report said on Thursday.
The National Development and Reform Commission, the country's top economic regulator, will push forward mixed-ownership reforms by encouraging foreign and private capital to pour into State-owned enterprises to advance the reform and restructuring of the SOEs.
LOS ANGELES - On the heels of China's box office coup in the first quarter of 2018, beating out US grosses and catapulting it to the top of the global box office for the first time, Hollywood is exploring how to adapt to the changing landscape of a "world's largest market" that is not its own.
The liberalization of China's financial service industry and capital market will draw more investment from overseas institutional investors and will help boost the global profile of the Chinese currency, international financial experts said on Wednesday.
The nation will cut import tariffs on automobiles and other products as early as possible, as part of the country's initiative to further open up, Vice-Minister of Finance Cheng Lihua said on Wednesday.
China will lift foreign ownership restrictions in the life insurance sector in three years and raise foreign ownership limits to 51 percent in joint-venture life insurance firms by the end of June, a top regulatory official said.
A bold move to quadruple the daily quota of the two stock connects between the Chinese mainland and Hong Kong could essentially set the stage for a historic opening of the mainland's financial sector, but a higher level of regulation is required, said experts.
The country's consumer price index, a main gauge of inflation, rose 2.1 percent year-on-year in March, compared with 2.9 percent for February, the National Bureau of Statistics said on Wednesday. Analysts said the month-on-month decline indicates that high inflation may be unlikely this year, which will prevent policymakers from tightening their monetary policy stance.
China will boost the efficiency of its State-owned enterprises with market-oriented principles in the next round of the nation's opening-up so they can better compete in overseas markets, the head of the State-owned assets regulator said on Wednesday.
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