Company attributes success in China to partnerships with domestic industrial players and quality of products, services
The central bank's recent measures to inject liquidity and encourage bank lending may have a moderate impact on boosting credit growth, as regulatory tightening continues, said experts.
China is tightening approvals for shantytown renovation projects in a bid to fend off local government financial risks and avoid a housing bubble, sources familiar with the matter said.
China United Telecommunications Corp is building more cloud computing nodes, or connection points for data transmission, in Seoul, Tokyo, Taipei, Sydney and Ho Chi Minh City, as the mainland's second-largest telecom carrier by mobile subscribers scrambles to expand its overseas cloud coverage.
Shares in the Hong Kong-listed health unit of property developer Evergrande Group soared 66 percent to HK$7.67(98 US cents) a share on Tuesday, a day after it said it would buy a 45 percent stake in United States-based luxury electric carmaker Faraday Future.
Equities on the Chinese mainland tracked the global sell-off on Tuesday and edged down on concerns over escalating trade friction between the United States and other nations.
The Chinese mainland has extended zero tariffs to include four additional product categories of goods of Hong Kong origin, pursuant to the provisions of the Mainland and Hong Kong Closer Economic Partnership Arrangement and its supplementary agreements.
China is accelerating its push to further integrate artificial intelligence and big data with the real economy to foster high-quality development, said an official at the Ministry of Industry and Information Technology.
Having achieved explosive economic growth over the past four decades, Shenzhen is now poised to turn itself into a world-class "smart" city.
Shenzhen has released a plan to establish a free trade port by the end of 2020, aiming to become a global shipping center in cooperation with neighboring Hong Kong.
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Raymond Zhou
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