Yogurt sales are expected to rise 18 percent this year in China from the same period a year ago to 122 billion yuan ($18.4 billion) and would for the first time overtake milk sales in the country, according to new data.
Electric vehicle maker BYD Co Ltd is planning to start trial runs of its SkyRail monorail mass transit solution in Egypt soon, making it the second overseas destination for the Chinese company after the Philippines.
General Secretary Xi Jinping said at the opening of the 19th CPC National Congress that the establishment of free ports should be considered within free trade zones, and experts say the experiences of predecessors such as Singapore and China's Hong Kong Special Administrative Region may help FTZs advance toward that goal.
Guangzhou, the capital city of Guangdong province, is competing to become a production base for new energy vehicles in the coming years.
Outside the ambit of corporate spotlights, without seeking to hog the limelight, China's financial institutions, or FIs, are quietly bringing about a revolution in the way critical funding reaches the real economy.
Chinese banks are highlighting the importance of financial technologies, or fintech, for client acquisition, service improvement and risk management amid intensified competition between financial institutions and fintech firms.
In recent months, branch directors, account managers and 600 staff of China Minsheng Bank in Ningbo, a port city in Zhejiang province, have been stepping out of their offices and customer-facing counters to visit hundreds of enterprises. Their goal has been to conduct on-site evaluations and get first-hand understanding of clients' demands.
Urwork, a Chinese co-working space provider, opened its second overseas office in late September in Los Angeles.
China's credit expansion aims to strengthen the real economy's growth in the coming months, accompanied by the fine-tuning of the central bank's monetary policy and the deepening of reforms to facilitate the deleveraging process.
For UGG, a youth-oriented footwear brand from California, the China market is the new holy grail.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
