China is "very active and serious" about further opening up its financial sector, and this will bring huge business opportunities to foreign banks in the country, said Pei Yigen, executive vice-president of Citibank (China) Co Ltd.
China is stepping up construction in the nuclear sector with all the main equipment being installed at the world's first demonstration nuclear power project using Hualong One technology in Fujian province, a domestically developed third-generation reactor design.
The China-UAE Industrial Park in the United Arab Emirates, the first capacity cooperation park involved in the Belt and Road Initiative, will complete construction of its main building in June, and it has attracted the investment of nearly 20 Chinese enterprises.
Chinese smartphone vendor Xiaomi Corp said on Thursday that it is aiming to be the No 1 or 2 player of its kind in Europe, as it strives to expand its presence in overseas markets amid mounting competition with rivals such as Huawei Technologies Co Ltd.
About 24 billion yuan ($3.5 billion) worth of Hong Kong goods imported through Shenzhen Customs have been exempted from tariffs since the implementation of the Closer Economic Partnership Arrangement in 2004, saving 2.56 billion yuan in tariffs for businesses, the customs said on Tuesday.
Retail sales of passenger cars in China fell 5.8 percent in 2018 to 22.35 million, the first annual fall since 1990, but there is much room for further growth in the long term, the China Passenger Car Association said on Wednesday.
China has become the only country witnessing an increase in the number of patents granted by the United States in 2018, according to a recent report from leading global patent database IFI Claims Patent Services.
China's first national-level legal regulation on public-private partnership projects is in the pipeline, to prevent the expansion of local governments' contingent liability, as infrastructure is supporting economic growth, according to a senior official.
US-based autonomous delivery van company Udelv is planning to roll out as many as 100 test vehicles, which leverage the updated self-driving open platform of Chinese internet search giant Baidu Inc, for goods delivery in Silicon Valley and other parts of the United States this year.
More measures to bolster economic growth are expected to be rolled out as challenges endure, according to a senior official and analysts.
China will release new catalogues in five key areas within trade in services soon to support the nation's second round of opening-up for this sector in 2019, commerce officials said.
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