China's financial regulators are building a nationwide credit information monitoring system, based on assessing the debt payment ability of businesses and individuals, and overseas credit information service companies will be allowed to participate in it, said a senior official with the central bank.
US chip giant Nvidia Corp announced new partnerships with Chinese companies such as JD Inc and Meituan Dianping on Wednesday as part of its broader effort to tap into opportunities created by self-driving and the big data industry in the nation.
Top entrepreneurs from China are bullish on the future of private businesses with the country's reform and opening-up, and said they will further boost innovation to enhance economic growth.
The hugely contentious online discounter Pinduoduo Inc reported strong growth in the third fiscal quarter, sweeping away many of the market doubts that have been lingering since its initial public offering on the Nasdaq.
The China (Liaoning) Pilot Free Trade Zone will come out with more measures to improve the overall environment at the FTZ and make it more appealing to businesses, a senior local official said.
A new e-commerce law that will take effect next year will increase the cost of daigou (which is Chinese for buying things on behalf of somebody else), thereby helping address deep-seated problems in this booming industry and better regulate online merchants and e-commerce platforms, experts said.
To meet the country's booming e-commerce demand, Chinese courier companies are ramping up efforts to develop their global delivery networks, establish overseas logistics centers and launch international air freight services to help overseas buyers receive products faster.
China will increase the number of pilot State-owned enterprises involved in mixed ownership reform in key areas and support the development of the non-public sector, a senior State asset regulator said on Tuesday.
China Telecommunications Corp is making a major advance in its globalization strategy, with a consortium involving the company becoming the third major mobile operator in the Philippines.
Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD, is struggling to reassure investors of his company's prospects after the online retailer posted weaker-than-expected third-quarter sales.
JD Finance, a leading fintech platform in China, announced the upgrade of its brand on Tuesday with the unveiling of JD Digits, indicating the company's drive towards integrating advanced digital technologies into more sectors.
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