Tongren, a city in Guizhou province, plans to become a global center for matcha production, as its subtropical climate and unpolluted clean air are ideal for growing high-quality tea.
Mercer, the world's leading human resources consulting company, is planning to expand its China business by up to three times in less than five years and better serve as a bridge between talents and enterprises - partly in response to the fact that people are changing careers more frequently due to the rapid development of industrialization, digitalization and artificial intelligence.
US chemical firm Dow expects to start production from its coatings facility in Chengdu this year, according to Andrew Liveris, chairman and CEO of Dow.
The major cause of the trade imbalance between China and the United States is the US economic structure, and Washington should ease limits on high-tech exports to reverse the situation, officials and business leaders said.
Trade experts and government officials have urged for updated methods to calculate trade from the perspective of the global value chain, which analyze the value added by a country in the production process.
Trade restrictions launched by the United States could cause huge losses for US companies operating in China, experts said.
As trade tensions between China and the United States continue to evolve, politicians, economists and trade experts tend to focus on China's huge surplus in goods trade with the US. But looking at the trade in the service sector, the data tell a different story about the bilateral commercial relationship.
Alibaba Group Holding Ltd announced on Monday it will take full control of food delivery platform Ele.me, as the e-commerce conglomerate seeks to enhance "last-mile" delivery capabilities crucial to its New Retail commitment.
Hema Fresh, the prototype supermarket chain of Alibaba Group Holding Ltd's New Retail concept, has launched a 24 hour delivery service in two Chinese cities as it strives to combine the online and offline shopping experience.
Manufacturing activity of Chinese enterprises gathered speed in March, indicating that the nation's economy continued to maintain momentum in the first quarter of this year, latest data said.
US retailer Walmart Inc is looking to make further inroads in China's burgeoning retail market by expanding services to busy Chinese families through omni-channels, an expanded hypermarket network, more high-end membership stores and supermarket formats, a top official said.
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Raymond Zhou
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