Luoyang, China's city of peonies, exported 17 million yuan ($2.68 million) worth of the flowers in 2017, official data show.
Companies from China and the United States will discuss details to jointly develop the Belt and Road Initiative and the Asian Infrastructure Investment Bank in November in Washington as the two governments re-engage in dialogue to resolve trade disputes, business leaders said on Wednesday.
China and the United States should look at new ways of revitalizing their relationship with emphasis on areas of economic commonality, said former Australian prime minister Kevin Rudd.
As policies to restrict house purchases in first-tier cities keep tightening, investment is likely to flow into lower-tier cities, causing price rises, said a business insider.
Foreign insurers are stepping up the pace of expansion in China after the regulators loosened foreign ownership restrictions in the insurance business, which analysts said could intensify their competition with local players.
China should harness opportunities arising from the development of artificial intelligence technologies, the core driving force for a new round of industrial revolution, to achieve intelligent manufacturing and high-quality growth, government officials and business leaders said at the ongoing Second World Intelligence Congress in Tianjin on Wednesday.
China has invested more than $70 billion in countries and regions involved in the Belt and Road Initiative since its inception in 2013, with commodity trade exceeding $5 trillion, according to the country's top economic regulator.
Many Chinese people take it for granted that China, with a tea drinking culture that goes back thousands of years, is home to the top tea lovers in the world. But actually that's not the case.
Ten Plus Terrace, a Beijing-based teahouse, is exploring modern ways to revive traditional tea-drinking habits among the younger generation, in hopes of turning the business into a sustainable model.
China's young people are well known for their love of Starbucks and other coffee shops, and for chasing after the latest made-to-go fusion tea drinks.
Substantial growth in China's fiscal revenue during the first four months of this year and the rapidly improving financial climate are expected to give policymakers more leeway to issue policies that can sustain growth momentum in the second quarter, experts said on Tuesday.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
