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.
Please use three words to describe China's changes in the past 40 years.
China will adjust duties on 706 import items from aircraft engines to pianos and baby's diapers from next year, the Ministry of Finance announced on Monday.
The nation will accelerate the development of pilot free trade zones and ports via policy innovation and adequately expand their size to advance all-round opening-up in 2019, said commerce officials.
China is embracing a larger role in the global sports world as a Chinese company is poised to acquire the company that owns one of the most iconic brands associated with the US pastime of baseball: the Louisville Slugger baseball bat.
Foxconn Technology Group, the biggest assembler of Apple Inc's iPhones, is ramping up its efforts in the semiconductor and chipmaking sector, in a bid to wean itself off its heavy reliance on manufacturing smartphones and diversify into new areas as the global smartphone market slows down.
It has been a tough year for Jia Wei as he saw his air-purifier business go up in smoke literally, as revenues plunged 70 percent to roughly 1.4 million yuan ($203,037) from 4 million yuan a few years ago, while new orders are fast drying up.
Identifying high-risk clients and targeting products at the right level are major problems faced by financial inclusion professionals around the world, experts said at an industry forum.
Despite their inherently limited lending scales, microcredit companies are playing an important role in China's financial inclusion industry, analysts said.
Low financial capability has left some Chinese customers vulnerable to financial crime, while leaving others less able to access financial services, according to experts, who said the key to boosting financial inclusion lies in customer education.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
