Hainan Governor Shen Xiaoming reiterated that the province will wean itself away from too heavy a reliance on property, instead focusing on sustainable development in areas such as tourism, modern services and high-tech industries, in line with the blueprint charted by the central government.
The tropical island province of Hainan is transforming into an international tourism destination in line with the central government's development blueprint, focusing on upgrading its tourism products, infrastructure and services.
Dutch multinational Royal Philips NV said it is bullish on the growth potential of personal health products in China and will continue to expand its investment in the country, as Chinese consumers increasingly pursue high-quality lifestyles.
NEW YORK - Groups of men regularly gather at the gate of a small noodle shop at noon in midtown Manhattan, chatting about office affairs while waiting for mouthwatering hand-pulled Chinese noodles to be served.
China's third-party payment providers now face stricter rules requiring them to be connected to a central clearing house for settlement, part of Beijing's broader oversight of the burgeoning market as it upholds financial security.
Xiaomi experienced a weak trading debut in Hong Kong as its once-highly anticipated initial public offering faced muted demand.
Tencent Holdings Ltd's plan to spin off its music-streaming unit and list shares in the United States marks the fresh revival of an industry that has often been plagued by piracy, industry experts said.
Chinese stocks increased by more than 2 percent on Monday as China will further open its stock markets to foreign investors and expected easing of the trade conflict between the US and China.
Beijing's Deng Qian, 26, a project manager with an English learning app, is an inveterate high-spending tourist - and her three to four overseas trips every year have dramatically changed in character of late, in line with a broader trend.
MOSCOW - The 2018 World Cup in Russia will draw to a close on Saturday, and the event that began on June 14 has been already hailed as a commercial and economic success.
CEOs of Chinese companies have a more optimistic corporate growth outlook than their global peers, according to an industry survey.
A global association of accountancy professionals expects China to play a more significant role in promoting globalization and in developing international financial standards and regulatory frameworks.
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Raymond Zhou
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