Shanghai aims to become an investment and financing hub for markets involved in the Belt and Road Initiative and a global renminbi financial services center, said city authorities on Wednesday.
Huawei Technologies Co Ltd has scored a point in its patent dispute in China with its rival Samsung Electronics Co Ltd, which may weigh down on the South Korean company's business in the world's largest smartphone market, experts said.
China's expenditure on technology research and development rose 10.6 percent to 1.57 trillion yuan ($238.1 billion) in 2016, the fastest annual growth since 2014, as the nation increases its investment in new driving forces to stabilize the economy.
Chinese popular video-sharing site Bilibili, which boasts the largest group of young Chinese fans for anime, comics and gaming, is reportedly planning an initial public offering in the United States that could raise at least $200 million.
Major e-commerce giants have increased efforts to recycle increasingly expensive cartons and promote the use of sustainable, greener packaging materials.
China released revised regulation on securities insurance and underwriting on Tuesday that gives insurance funds priority to subscribe to new shares offline, a move to benefit the public and improve market-oriented stock pricing.
China is piloting deposit-free apartment rental in eight cities, employing algorithms that track and rate people's credit worthiness to protect both tenants and landlords.
China is expected to replace South Korea as the world's largest flat-panel display producer in 2019, an industry report said.
TCL Corp plans to sell a 49 percent stake in its subsidiary TCL Communication Technology for HK$490 million ($62.8 million) as the Chinese electronics maker aims to restructure its stagnant smartphone business.
Property sales in the country's major cities dropped to a three-year low during the recent National Day holiday, as the intensive launch of restrictive measures began to bite.
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