China's automotive industry is shifting from superfast expansion to slow growth, after the country's car market already reached an immense scale in production and sales volume, the nation's top industry regulator said on Tuesday.
The decline in China's infrastructure spending is likely to be stemmed next year, with more projects expected to start in the next three to five years and sufficient funding support, according to an official with the nation's top economic regulator involved in the approval of fixed-asset projects.
Airbus Beijing Engineering Center Ltd and AVIC Composite Corp Ltd signed a cooperation agreement on Tuesday, and the two will jointly conduct research and development on electrically conductive composite materials for application on aircraft.
Engineers completed the major section of a railway bridge on Tuesday on the Wujiang River, considered the most difficult and complicated project of a 625-kilometer-long railway linking Southwestern China and Central China.
China is likely to revise laws to make it easier for listed companies to buy back shares, another policy measure to shore up market confidence after stocks declined more than 20 percent so far this year.
Pledged-share risks are unlikely to spread as a systemic danger in China, as a result of government-backed funding support and market expectations of more supportive measures.
After going through ups and downs in the past two years, the virtual reality market seems to be near the tipping point, with tech heavyweights and startups all making progress on hardware and software.
As official data showed that China's real estate market remained stable in September, experts pointed to positive signs of a further stabilization in house prices.
China' aviation sector has after a slow start gathered momentum, since the country promoted reform and opening-up, and is now blazing a new trail in the global market.
Editor's Note: This year marks the 40th anniversary of China's reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country's socioeconomic development.
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