Curbs on preschool IPOs

China will not allow private kindergartens to raise funds through share sales by themselves or as part of asset packages, the State Council, the cabinet, said on Thursday in a policy document.

Nonpublic sector at the forefront of BRI efforts

A large proportion of investment activities associated with the Belt and Road Initiative have been spearheaded by the private sector, and the trend will continue, said a top former central bank official.

Gestamp opens $56m production facility in Tianjin

Gestamp Automocion SA, a Spain-based multinational in vehicle components, has strengthened its presence in China by opening a new 50 million euros ($56.58 million) production facility in Tianjin.

US advertising technology company bets big on China

The Trade Desk Inc, a US advertising technology company, is betting big on the Chinese market for growth as the country's rapid development in the mobile internet sector provides opportunities for global advertisers to grow, a top executive said on Wednesday.

IN BRIEF (Page 5)

Shanghai to streamline policies, cut costs for small enterprises

Shanghai will offer proper funding, favorable policies and a better business environment to further boost the private sector, city mayor Ying Yong told Xinhua News Agency in an interview published on Thursday.

Private companies ready to take up the gauntlet

Entrepreneurs in Shanghai have vowed to integrate high-quality resources and bring their advantages in technology and innovation into full play, to contribute to the city's attempt of building itself into a scientific innovation center with global influence.

Pence's remarks show who the real troublemaker is

In remarks that carried a barely veiled swipe at China, US Vice-President Mike Pence told leaders of Southeast Asian nations in Singapore on Thursday that "empire and aggression have no place" in the region.

Expanding deficit will inject vitality into the economy

Editor's note: Some people insist that the Chinese government should exhaust all means to keep its financial deficit below 3 percent of the gross domestic product, so as to control financial risks, but columnist Hu Yifeng comments in a post:

Bigger sales of tobacco products go against plan for healthy nation

LAST WEEK, China Tobacco Corporation urged its local branches to try their best to fulfill the annual sales objective of 47.5 million cases of cigarettes - which is 2.38 trillion cigarettes - by the end of next month. China Youth Daily comments:

Diplomatic moves show China will not be cowed

With President Xi Jinping and Premier Li Keqiang both on visits to the Asia-Pacific region to attend international meetings this week, China is sending a strong message to the outside world that it is attaching more attention and importance to countries in its neighborhood and looking to strike an even more resonant note in implementing its neighborhood diplomacy.

Blue skies are not an occasional luxury

BEIJING, TIANJIN AND HEBEI suffered from heavy air pollution from Tuesday to Thursday, with smog covering the whole region. Thepaper.cn comments: