Contrary to expectations, there was an uncanny silence in the normally bustling streets of Ningbo, a city in Zhejiang province, during my trip in early February. Barring the stray dogs looking for crumbs, there was an all-pervasive silence in the air, apart from thin wafts of smoke emanating from incense burned for welcoming the god of fortune in the Year of the Pig. Perhaps it had a lot to do with the Spring Festival holidays.
Daqiuzhuang, one of China's largest steel production centers in the southwestern suburbs of Tianjin, plans to inject 1 billion yuan ($147.5 million) to build a Sino-German ecological town.
Boosted by Chinese consumers' higher demand for premium products, L'Oreal Group, one of the world's largest cosmetics groups, registered a 14-year high turnover in China last year, according to fiscal results released on Monday.
Guangdong province's high import and export volume has been attributed in part to the restructuring and upgrading of foreign trade companies and innovation in science and technology.
Accelerated capital market reforms have offered great development opportunities for China's securities industry, with stronger players in it set to benefit more than others, analysts said.
China's private equity investments hit a new high last year of $221.8 billion, up 22 percent year-on-year.
Domestic flexible display panel makers are set to witness explosive growth in the next few years as leading smartphone vendors ramp up efforts to roll out new products like foldable phones to bolster sagging fortunes.
Core industries in China's big data sector could earn more than 720 billion yuan ($106.3 billion) this year, said a report on the sector's outlook from think tank CCID.
The Beijing municipal government's plan to invest at least 30 billion yuan ($4.44 billion) by 2022 to build 5G networks will help the capital gain a lead in commercializing the superfast technology and expedite pioneering applications such as self-driving vehicles and remote healthcare, experts said.
Yunnan Baiyao, the Kunming-based manufacturer of healthcare products, has had two spectacular decades.
TAL Education Group, a leading education firm, has got $500 million funding from Chinese investment firm Hillhouse Capital Group, according to people familiar with the matter.
IMAX screenings hit a new high during Spring Festival despite a drop in total cinema visits, amid rising concerns that Chinese consumers' interest in movies is cooling as consumer spending weakens.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
