The final countdown for the debut of China's tightened asset management regulation has begun, with a possible launch by the weekend, which would restrict banks from investing in high-risk and short-term funding vehicles and further ease financial vulnerability, sources said.
As the starting point of the ancient Maritime Silk Road, Fujian province is striving to restore its significant role with the aid of digital technology, said a senior official of the provincial government.
China will accelerate steps to develop the industrial internet and publish a guideline to promote the digitalized, intelligent and internet-powered development of the nation's manufacturing sector, said a leading official on Monday.
A digital China research institute and an industrial alliance on digital China's core technology were launched on Tuesday, the latest steps in the nation's effort to achieve core information technology breakthroughs.
China's electricity consumption, an important indicator of economic activity, rose significantly during the first quarter of this year, as the service sector played a bigger role in driving the economy, the country's energy authority said on Tuesday.
China will push ahead with the launch of rules on handling illegal fundraising, step up efforts to deal with major illegal fundraising cases and promote the establishment of risk monitoring and warning systems nationwide, said the interagency task force leading the crackdown on such practices.
More efforts are needed to further integrate big data, artificial intelligence, and the internet with the real economy, which will inject new impetus into China's economic growth, a government official said on Monday.
China's internet giants have accelerated their investment in the electronics and information sector in Fujian province, in a bid to boost the growth of the local digital economy and technological innovation.
Big data distribution is the key to building digital China. In the era of the digital economy, data has become a breeding ground for the new economy and new forms of business. We need to accelerate the push to build an integrated national big data center and effectively bring together organizational and internet data from the government, industry and companies, to promote the distribution and exchange of data.
Alibaba Group Holding Ltd announced three partnerships on Monday with leading carmakers on artificial intelligence-backed connected vehicle services, cementing its commitment to the auto sector.
As China's economy becomes more consumer-oriented, the rate of growth in oil demand in the country is expected to slow down through 2023, a recent report said.
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