Listed State-owned pharmaceutical firm Yunnan Baiyao Group Co Ltd said on Thursday that it was making steady progress on its planned merger with parent Yunnan Baiyao Holdings Co Ltd, and said the new combined entity will have greater synergy in its business operations.
Monetary authorities in China stepped up their efforts on Wednesday to bolster the supply and trade of renminbi in offshore markets amid sell-off concerns and growing trade friction.
Royole Corp, a manufacturer of flexible displays and smart devices, unveiled a large-screen foldable device on Wednesday, which can be bent and rolled to function both as a smartphone and tablet.
China's iron and steel industry made a strong comeback in the first three quarters of 2018 as the market stabilized and companies' profits increased, said the industrial association on Wednesday.
Leading online entertainment service provider iQiyi announced its revenue for the third quarter jumped 48 percent year-on-year to 6.9 billion yuan ($1 billion), driven mainly by the growth of membership revenue.
China Mobile Communications Corp, the world's largest mobile carrier by subscribers, reported a 0.3 percent decrease in revenue to 567 billion yuan ($80 billion) in the first three quarters of this year, its first ever revenue decline since 2014.
The much-anticipated Shanghai-London Stock Connect seems to be the one bright spot amid the pall of gloom among the investor community in London over the United Kingdom's impending departure from the European Union.
China's leading internet healthcare companies are foraying deeper into the medical service sector by establishing online hospitals, as the authorities have given them the green light to expand their service scope.
Online hospitals' development will depend on the establishment of more supporting facilities, including third-party franchised drugstores, medical examination centers and co-working surgery studios, said Wang Hang, founder and CEO of Haodf.com, one of the largest online healthcare companies in China.
Waiting overnight for a diagnosis at a public hospital is a painful yet common experience for Chinese patients, while updating patients' records and studying can also be time-consuming for doctors. But now, multiple solutions are on offer to tackle these problems.
Allowing the renminbi exchange rate to float more freely could be a wise choice for China, against the backdrop of trade conflicts and economic downside risks, according to experts.
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