High-net-worth individuals in China are now more confident than before about the country's economic prospects for the next two years, a new study said.
Foreign companies will be allowed to operate virtual networks in China, according to a draft rule announced on Wednesday, as the country steps up its push to inject new vitality into the multibillion-dollar telecom industry currently dominated by three State-owned enterprises.
Robin Li, CEO of Baidu Inc, will shoulder a new role as a board member at China United Network Communications Ltd, or China Unicom, the country's second-largest telecom carrier by subscribers.
Arriving at Tiptree Farm in the county of Essex in Southeast England, there is a scent of marmalade in the air.
Shanxi province, China's major coal-producing region, plans to phase out all small coal mines with an annual production capacity of less than 600,000 metric tons by the end of 2020, according to the local authorities.
Cutting-edge technologies are making life more convenient, and upgrading one's home with the latest such technology has become a new engine driving China's economy. More and more affluent consumers are pursuing a smarter, high-end lifestyle, which has given a big boost to the smart home market.
In the internet era, home appliance manufacturers are shifting to smart strategies at an accelerated pace. Haier Group, for example, has made great efforts to cooperate with internet giants in the field of artificial intelligence and smart homes to boost the transformation and upgrading of its products.
Like TVs, refrigerators and air conditionersall of which have been modified to be "smarter" and thereby improve peoples' livessmart speakers have also gradually become an indispensable family appliance in many homes.
China's year-on-year GDP growth is projected to reach 6.6 percent this year, 0.1 percentage point higher than its previous forecast, the International Monetary Fund said in its latest report released on Monday.
French retailer Carrefour SA has announced a potential investment by Chinese tech giant Tencent Holdings Ltd and hypermarket operator Yonghui Superstores Co Ltd in Carrefour China, aiming to boost its struggling Chinese businesses. Carrefour did not reveal the exact amount involved.
Bombardier Inc, a multinational aerospace and transportation company based in Montreal, Canada, said it plans to increase the capacity of its signaling and propulsion plants in China to cash in on rising demand for transit projects in the country.
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