Jin Chi, a 28-year-old white collar worker in Beijing, wakes up at 6 am every day. Wearing his smartwatch equipped with Codoon, a GPS-supported app that keeps track of his route and time, Jin runs for 40 minutes, a habit he has kept up for three years.
For individuals, sports might be a route to a fitter body and a healthier lifestyle, but for a tourist-focused city, the sports industry brings exciting business opportunities.
City dwellers no longer need to search for long to find a place to exercise, as the nation's sports industry boom is prompting urban planning to evolve to suit citizens' growing demand for fitness and exercise spaces.
Chinese policymakers need to find new financing methods to lift infrastructure investment to an "ideal" growth rate of higher than 6 percent this year, but without a surge in local government debt, according to economists.
The nation is streamlining the corporate debt issuance approval procedure for "high-quality" corporate bonds, highlighting the need to raise money to support non-financial sectors, with specific criteria defining qualified issuers coming out soon, according to officials from the top economic regulator.
China will continue to deepen mutually beneficial economic and trade cooperation with Africa, and help the continent foster new drivers of organic growth, the Ministry of Commerce said on Tuesday.
Xiongan New Area, a national-level economic zone neighboring Beijing in Hebei province, said it will actively attract foreign investment, advanced technologies and management experience to support the planning and construction of the area, according to a statement issued by the local government.
Goods from Urumqi in China's Xinjiang Uygur autonomous region will soon enjoy lower logistics costs and shorter travel time to Azerbaijan, Georgia, Iran and Turkey, as a result of new cargo routes due to open this year.
Large industrial firms maintained high profit growth in the first seven months, but analysts said they would face heavy pressure of slowing profit growth in the coming months of this year.
China's renminbi further strengthened against the US dollar on Monday, after the introduction of the central bank's new policy to prevent irrational sell-offs in the foreign exchange market. The currency's depreciation pressure is expected to ease in the near term, said analysts.
The United States needs to take into full consideration the interests of its consumers and companies when deciding whether to follow through on its threat to impose tariffs on $200 billion worth of Chinese imports, experts said on Monday.
Bike manufacturers' interim results indicate that they are taking a hit due to the slowdown in China's once-vibrant bike-sharing sector.
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Raymond Zhou
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Huang Xiangyang
Chen Weihua
