China will take more concrete steps to further its supply-side structural reform and push for high-quality development in 2018, focusing on cutting overcapacity and fostering new growth drivers in the real economy, said officials and analysts.
The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China's energy supply and ensuring its energy security, according to China National Petroleum Corp, the country's biggest oil producer.
Balanced supplies and improving demand from top consumers will push up global oil prices this year amid lingering uncertainties, experts said.
Combined profits of Chinese smartphone brands crossed $1.5 billion for the first time in a single quarter as they ratcheted up resources to make inroads into the premium segments, a new report said.
Chinese central bank has innovated another policy tool to avoid a temporary cash shortage during the upcoming national holiday, while bearing in mind that too much money supply is the origin of asset bubbles that threaten financial stability.
Burgeoning self-driving technologies are expected to give China an edge in advanced driver assistance systems, algorithms and software, analysts said.
China's foreign exchange regulator will likely focus on keeping the country's currency stable this year while allowing greater flexibility in the exchange rate, economists said on Monday, with some believing there may still be potential for the yuan's further appreciation against the US dollar.
Bike-sharing titan Mobike Technology Co Ltd recently officially launched its car-sharing service in China's southwestern Guizhou province, marking the company's first attempt to expand into the short-term car-rental market.
The application of artificial intelligence has gone far beyond driverless cars or futuristic robotics that outsmart men in the strategy board game Go.
BEIJING - As the world's second biggest economy is at a historic transition, its central bank, the People's Bank of China (PBOC), has many balls to juggle. Sustaining growth, supporting structural reform, curbing asset bubbles and averting financial risks - in face of the increasingly delicate tasks, the PBOC's monetary regulation has also evolved.
BEIJING - On Christmas Day, a cargo train loaded with 90 standard containers of goods left Zhengzhou, Central China's transport hub, for Hamburg in northern Germany. It marked the 1,000th such trip between the two cities.
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