Chinese bike-sharing company Ofo Inc is further shrinking its overseas presence, by laying off staff and closing its business in several cities in the United States, according to reports by US media.
The first direct shipment of LNG from Russia's Arctic region to Asia was delivered to PetroChina's Rudong terminal in Jiangsu province on Thursday, the first time the gas has arrived in Asia directly via the Northern Sea Route since the Yamal LNG plant came online in December.
A Chinese security equipment provider has cashed in on the recently concluded FIFA World Cup in Russia by providing its equipment to stadiums.
Financial systemic risks were stimulated in the first half of this year due to Sino-US trade friction, as well as the overlapping effect of domestic financial deleveraging in a tightened regulatory environment, but the real economic sectors have been isolated from the risk, said research published on Thursday.
With a slew of ongoing and planned measures, Chinese authorities are determined to build a more comprehensive social credit system to improve the business environment and facilitate market economy development.
Having served Swedish furniture retailing giant Ikea for more than two decades, Group CEO Jesper Brodin said he believes the drivers behind consumers' demand for furniture is universal - such as seeking more storage space.
Editor's Note: This year marks the 40th anniversary of China's reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country's socioeconomic development.
Reform of State-owned enterprises will accelerate in the second half of this year, as the SOE regulator plans for two to three central SOEs to implement equity diversification at group level, and will push forward the strategic restructuring of central SOEs in key industries.
LONDON - The fast-growing market demand for civil aircraft and the rapid development of the aviation industry offer unprecedented opportunities for cooperation between China and Europe, which has seen remarkable progress in recent years.
China's major nuclear power operator, China General Nuclear Power Corp, has acquired a 75 percent stake in a wind power project in Sweden, according to a statement from CGN on Tuesday night.
Upstart short-video app Douyin is going viral.
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Raymond Zhou
Op Rana
Berlin Fang
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Chen Weihua
