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Talent management crucial for cities' progress

In about four decades, from 1978 to 2017, China's urbanization rate increased from 18 percent to 58.52 percent, which is very high compared with other countries' rates. China's urbanization rate crossed 50 percent for the first time in 2011.

Bowing to the urban demand for quality

Four decades of reform and opening-up, and the resultant rapid economic development have given rise to a fierce competition for talents in China. Although China remains the world's biggest talent exporting country, it is now seeing talented Chinese individuals returning home.

Healthy social environment key to urban development

To solve the problem of ever-increasing urban ills, first-tier cities in China have taken strict measures in recent years. Beijing, for instance, has decided to move the "non-capital functions" out of the city.

Nepal and South Asia welcome Chinese FDI to boost growth

As China's economy expands rapidly, its investment in neighbouring countries, especially those in South Asia, is also on the rise. Chinese investments have greatly benefited countries such as Pakistan, Bangladesh, Sri Lanka and Nepal, even India.

Alibaba buys chipmaker

Alibaba Group Holding Ltd announced on Friday it has fully acquired a local integrated circuit design house as China seeks semiconductor self-reliance.

World Bank eyes 100% global financial access

World Bank Chief Jim Yong Kim said on Thursday that he expected the progress and innovation in improving financial access across China will also happen in other countries, so that financial services become universally accessible.

IN BRIEF (Page 6)

Duties to remain on cellulose pulp

The Ministry of Commerce announced on Friday that it will continue to impose anti-dumping duties on cellulose pulp imported from the United States, Canada and Brazil.

Alibaba ramps up offline efforts

Internet giant Alibaba Group Holding Ltd opened its first physical store for cross-border e-commerce platform Tmall Global in its headquarters in Hangzhou, Zhejiang province, on Friday, taking advantage of the city's preferential policies on trans-border retail.

China, UK researchers join hands on smart screen tech

Users could soon be unrolling e-books and television screens, or receiving live traffic updates across the car windshields, thanks to a breakthrough by researchers in China and the United Kingdom.

HK firms set to gain from opening-up

The Hong Kong Chamber of Commerce in China, which celebrates its 25th anniversary this year, said it will help enterprises in Hong Kong take advantage of opportunities created by the central authorities' opening-up moves, such as the Belt and Road Initiative.