Wealthy consumers in the Yangtze River Delta region are setting aside more cash for their insurance plans, as China's leading internet players are becoming increasingly involved in online insurance, according to Beijing-based 21 JD Big Data Institute.
China plans to further promote its opening-up this year by granting more access to foreign investors in a number of sectors and eliminating joint-venture requirements, according to the nation's top economic regulator.
Chinese business leaders have kept faith to look for opportunities overseas, and plan to increase outbound investment despite trade disputes, said a report from Brunswick Group, an international advisory company.
The Uzbek Republican Commodity Exchange, or UzEx, the biggest trading platform in Central Asia, has opened a branch in Shanghai, which is set to promote trade between the two countries, said insiders.
The asset allocation of urban households in China is unbalanced, with nearly 80 percent of family wealth spent on housing in 2017, although these families' average total assets grew fairly quickly, a report said.
Cross-border e-commerce platforms in China are accelerating efforts to open more offline stores to cash in on the growing demand arising from consumption upgrade and the rise of middle and high-income shoppers.
China's economic structure has continued to optimize, as new growth drivers strengthened last year, according to data released by the National Bureau of Statistics on Monday.
China's monetary authority will undertake the task to ensure sufficient lending and maintain adequate liquidity, supporting the economy to bottom out this year, investors expected.
China's A-share market is showing signs of a slow recovery, with the Shanghai Composite Index rising 0.56 percent to close at 2610.51 points on Monday and the Shenzhen Component Index gaining 0.59 percent to close at 7626.24 points.
Delta Air Lines, an Atlanta-based major US carrier, said it is confident on the long-term growth potential of Sino-US aviation market and will continue to launch new flights, spurred by robust demand, despite the overcapacity of the market and the ongoing Sino-US trade dispute.
Modular construction, an environmentally friendly and time-saving alternative to traditional construction, provided by Chinese companies, is seeing growing application with a British university choosing it for student accommodation.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
