The proposed national regulation on the operation of financial holding groups is expected to reduce cross-sector risk contagion and help trim the excess flab of highly-leveraged financial giants, according to local media reports.
Leading Chinese video surveillance product makers, including Hangzhou Hikvision Digital Technology, have criticized a vote by the US Congress that seeks to prohibit the US government from buying Chinese products due to national security concerns.
Demand remains strong for imported products in China, especially food and beverages, cosmetics, automobiles, watches and accessories, maternal care products and jewelry, driven by the country's ongoing consumption upgrade, a new report said.
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.
China's improving industrial profits in April, bolstered mainly by high profit margins in the steel, chemical and auto industries, show that the world's second-largest economy remains resilient, analysts said.
The road for Chinese companies to invest in the United States could still be bumpy this year even though the two countries sought to ease their economic disputes and agreed not to engage in a trade war, experts said.
US chip giant Qualcomm Inc is considering integrating part of its server chip business into Guizhou Huaxintong Semiconductor Technology, its joint venture with China's Guizhou provincial government, said Cristiano Amon, president of Qualcomm.
China Petroleum and Chemical Corp, or Sinopec, the world's largest refiner, expects crude oil trade between China and the US to show further growth as the world's two biggest economies play complementary roles as producers and exporters of oil.
China is stepping up efforts to develop the industrial internet, with the recent approval of two important action plans for the industrial internet, an official from the Ministry of Industry and Information Technology said on Sunday.
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