China is ramping up efforts to deal with zombie companies through bankruptcy or restructuring, as it seeks to cut overcapacity and guard against risks, according to the nation's top economic regulator.
Black Friday, a shopping extravaganza on the Western retail calendar, has become an occasion for Chinese brands to shine, as overseas buyers are increasingly embracing cross-border e-commerce channels for quality made-in-China products.
The music arm of Tencent Holdings Ltd pressed the play button on its long-anticipated initial public offering in New York on Monday, two months after halting the plan amid hopes of a recovery of global market conditions.
Organizations and individuals in China engaging in severely dishonest behavior in the field of intellectual property right will face restrictions or bans on a wide range of economic activities, according to a document released by the National Development and Reform Commission on Tuesday.
Building on the experience of other multilateral development banks, the Asian Infrastructure Investment Bank has adopted their good practices to create an anti-corruption system that works for the AIIB and has gone a little further in terms of related policies, said an AIIB executive.
China's healthcare industry is ramping up artificial intelligence application in disease diagnosis and healthcare, and industry sources said AI-incorporated healthcare solutions will help alleviate the country's inadequate and imbalanced medical resource allocation.
Manufacturing activities in China witnessed better-than-expected growth in November, according to the latest survey by Caixin, adding some promising signs to the economy although downward pressure persists.
The nation's import and export volume by the middle of November exceeded last year's total by 15 percent according to China Customs, and experts said the government's continuous efforts to deepen reform and facilitate trade have paid off.
Government approval of initial public offerings will take enterprises' credit data into consideration, as part of the nation's broader efforts to build a nationwide social credit system.
Shares in major Chinese fentanyl-related listed companies rebounded on the close of trading on Monday, after a slide earlier in the morning on news that China and the United States had agreed to enhance cooperation on law enforcement and to combat illicit drugs, including the synthetic drug fentanyl, a medical substance that helps ease pain, but is addictive if abused.
China's banking and insurance regulator said it will allow commercial banks' wealth management subsidiaries that are yet to be established to directly invest in public offering wealth management products they issue in the stock market.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
