Commercial banks have joined the year-end competition for savings by raising interest rates for medium and long-term financial products, such as three-year certificates of deposit and three-year fixed term deposits.
China will see significant growth potential in the consumption of organic milk, yogurt and cheese products, fueled by increasing demand for premium products from quality-conscious consumers, according to a new report.
The Ministry of Industry and Information Technology, the nation's top industry regulator, will roll out targeted policies to promote upgrading in specific industries, after China has built around 208 smart digital plants.
The nation is set to overtake Europe as the world's biggest contributor to artificial intelligence research within four years, according to a new report.
While the ice-cold winter weather has brought subzero temperatures to parts of the world, two winter-coat heavyweights are experiencing markedly different business climates.
LUXEMBOURG - Luxembourg will work closely with the Asian Infrastructure Investment Bank (AIIB) to boost sustainable investment and improve regional connectivity, its finance minister said.
China's financial institutions accelerated lending to support economic growth in November, which boosted bank loans beyond the expected level, according to data reported by the central bank on Tuesday.
The growing maturity of Chinese consumers and especially the growth of the middle-income group have helped Italian confectionary multinational Ferrero Group register faster than average growth in 2018.
The automotive market is almost certain to see an annual decline this year, the first in 28 years, and the bleak prospects are unlikely to change in the next two or three years, officials from the country's leading industry association said on Tuesday.
Domestic SUV brands are in hot pursuit of their international rivals, according to a new industry report that suggests indigenous vehicles offer better value for money and are more in line with the needs of younger Chinese drivers.
China's traditional northeastern industrial heartland is on course for a revival in its fortunes as local governments take measures to restructure the local economy through upgrading heavy industry and cooperating with more developed coastal provinces.
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