Private entrepreneurs in Fujian province must update their business and manufacturing practices if they want to move up the industry chain, officials said.
Protection of property rights is crucial to encourage and stimulate the private sector, said experts, after the nation's annual legislative session spotlighted the subject.
China will continue to open the onshore securities market to foreign asset managers and will grant them wider access to the market in a gradual manner, said an official of the Asset Management Association of China.
Local governments have been urged to curb new production capacity of urban rail vehicles as part of China's ongoing efforts to curb industrial overcapacity and prevent debt risks.
Zhejiang Geely Holding Group will step up its digitalization and electrification efforts as more cars will become electrified, smart mobile terminals connected to the internet, said its chairman Li Shufu on Tuesday.
The top 10 Chinese smartphone vendors, including Huawei Technologies Co Ltd and Xiaomi Corp, joined hands on Tuesday to promote technical standards for "fast apps," which are designed to compete against Tencent Holdings Ltd's mini programs.
China will waive income tax for foreign investors trading the country's new crude oil futures contract for three years so as to attract more overseas capital for the launch, the Ministry of Finance said on Tuesday.
Members of China's top political advisory body have called for legislation on electronic payments to better guard against risks and protect consumer rights.
The party card game Werewolf is a regular part of life for Tracy Xing, a 27-year-old office clerk in Beijing who meets with colleagues to play the game in her office's public area at noon every Friday.
Social networking is gradually becoming a key part of mobile gaming's appeal to the digitally inclined young generation in China, particularly those born in the 1990s and the 2000s.
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