China has mapped out a national financial development plan, setting the goal of building a modern financial system by 2020 and preventing systemic risks.
At least 46 big-budget semiconductor projects are scheduled to be built in China within two to three years, as part of the nation's broader push to reduce reliance on foreign chip manufacturing and design techniques, according to data compiled from local governments' key 2018 project plans.
Shanghai Huali Microelectronics Corp, the city's largest integrated circuit investment project, saw its first lithography machine installed on its 12-inch wafer silicon assembly line on Monday, strengthening China's capacity to manufacture high-end chips.
The retreat from a potential trade war between China and the United States is beneficial for both countries and global economic development, said Liu Xiaoming, China's ambassador to the United Kingdom, on Monday.
China will simplify business registration procedures for foreign investors in a bid to spur overseas investment and create a more open business environment in the country, officials said on Tuesday.
As authorities reiterated their efforts to control property prices, tighter controls on home purchases are expected to continue in Tianjin, notwithstanding the northern Chinese city's efforts to attract more young talent with friendly policies.
For She Zhending, a 35-year-old entrepreneur in Shenzhen, Guangdong province, the beauty of starting a business is more than "skindeep".
Shen Xiaoming spends most of his spare time helping the Shenzhen Dapeng Coral Conservation Volunteer Federation, an NGO he and his partners established in October 2014.
Chan Sing, a 33-year-old entrepreneur, found three years ago that his startup was in jeopardy due to difficulties raising funds in Hong Kong.
Innovation is making Qianhai's financial services more inclusive and accessible, as both the authorities and companies are revamping the traditional financial user experience with cutting-edge technologies.
China's $3.12 trillion foreign exchange reserve may further decline under the pressure of capital outflows, said experts, predicting a stronger US dollar supported by the Fed's possible interest rate hike in June.
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