China is preparing a nationwide green finance development trial model and extending a one-year pilot program in five provinces, to encourage faster and cheaper loans for environment-friendly industries, according to a senior central bank official.
The government has given State-owned banks additional credit quotas for deployment to the nonfinancial sector by the end of this month, pumping more money to ease the funding crunch due to the relatively tight monetary environment, sources familiar with the matter said on Wednesday.
China's first self-developed 160 kilometer-an-hour magnetic levitation train rolled off the production line, as a family of maglev products gradually emerges in the nation.
Technology is a great enabler for police, judging by the recent social media headlines that facial recognition technology led to the arrest of a fugitive at a concert of Cantopop legend Jacky Cheung in Jinhua, Zhejiang province.
Global reserve managers expect 8.5 percent of foreign reserves to be invested in renminbi by 2020, according to a recent survey sponsored by HSBC, an international banking and financial services institution.
Please use three words to describe China's changes in the past 40 years.
Please use three words to describe China's changes in the past 40 years.
The People's Bank of China, the central bank, is now more confident about using flexible monetary policy tools to cope with an impending US funds rate hike later this week, without disturbing the predetermined financial deleveraging pace and interest rate reform, said economists.
Autonomous trucking is coming faster than expected in China as Chinese driverless truck startup Fabu Technology said on Tuesday that its driverless trucks had already taken part in open road tests and it plans to achieve intercity cargo transportation this year, which is expected to reshape radically the nation's freight transportation market.
Chinese e-commerce giant JD will invest 2 billion yuan ($312 million) over the next three years to establish the headquarters of its unmanned delivery vehicles in Changsha, capital of Hunan province.
Lenovo Group Ltd has integrated its smartphone business into its China regional group, as part of the tech heavyweight's broader push to refocus on its home country to revive its mobile business.
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Raymond Zhou
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