JINAN - Textile companies have long been dependent on crude oil when making common synthetic materials such as nylon or polyester but that could soon change, with companies turning to biomass fibers. Hismer Bio-Tech Co Ltd, based in Ningyang county, Tai'an in East China's Shandong province, is making biomass fiber from a very unusual source: shrimp and crab shells.
China conducted the nation's first cross-ocean flight powered by green aviation fuel on Tuesday, carrying 186 passengers and 15 crew members. The successful flight signals another significant breakthrough for domestic biofuel.
Shares of online micro-loan lenders plunged on Wednesday after the People's Bank of China decided on Tuesday to stop issuing licences for new online micro-loan lending services.
Five second-tier cities - Chengdu, Suzhou, Nanjing, Wuhan and Xi'an - are representative on the Chinese mainland in terms of their rapidly growing skills base in the digital economy, according to a report released on Wednesday.
Scalpers who expected to rake in huge profits from the sale of Apple's iPhone X may think twice as prices of Huawei Technologies new ultrahigh-end smartphone soared to dizzying heights as of Wednesday and made it one of the most expensive models on sale in the country.
Jinri Toutiao, China's top news aggregator app, has pledged to pull in more cash incentives and traffic dividends to reward content curators as it banks on algorithms to shake up the traditional media industry.
China's tax authority made remarkable progress last year in its reform efforts, achieving positive changes in tax system structure, technology and the administrative culture, according to a report jointly issued by the World Bank Group and PwC.
China's Consumer Confidence Index soared to a historical high of 114 points in the third quarter of this year, up two points on a quarterly basis, buoyed by improved job prospects and surging consumption power, a new study said on Tuesday.
China's financial industry will become more competitive in the wake of the government's decision to further open up the sector to foreign competition.
Foreign investors look certain to benefit from China's decision to cut red tape in the financial sector.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
