Wind and solar photovoltaic power are likely to achieve grid price parity within 2020, while at the same time, their quick development will further diminish the share of hydropower in the total power output by renewables in China, according to industry experts.
China's major flange producing county Dingxiang in Shanxi province is stepping up development of innovative manufacturing technologies, in line with the government's mission to promote high-quality development.
BEIJING - Global retail giant Walmart Inc is planning to further increase its investment in the Chinese market after opening a mega perishable products distribution center in South China's Guangdong province in March.
Financial service providers in the Guangdong-Hong Kong-Macao Greater Bay Area are seeking to attract investors with more cross-border products, as the area gains increasing popularity globally.
China's resolve to further open up has been reflected by the global coworking and community service provider WeWork's latest partnership in the country.
The trade war truce agreed upon by President Xi Jinping and President Trump at the G20 Osaka summit is very good news for the economies of both countries. Highly disruptive breaks in supply networks and in established trading patterns will be avoided. Everyone from soybean farmers to high-tech companies can breathe a tentative sigh of relief.
Editor's Note: The Main Street column features opinions of leading economists and industry luminaries who have expressed their views on hot topics in media recently.
In the wake of trade tariff tensions, China (and the US) need to be aware of the potential risk of a breakdown in the industrial chain. A study found that if the trade friction lasts for one more year, countries will face the risk of industrial chain breakdown.
China Shipbuilding Industry Corp, the primary contractor for the country's naval force, will accelerate the development of intelligent manufacturing processes at its shipyards as part of efforts to build high-end ships, its executives said.
Waterdrop Inc, a Chinese third-party online insurance broker, is set to expand its health insurance business.
Information technology or IT remains the most popular career option for fresh graduates in China as relatively higher salaries, large number of jobs available and bright prospects in the sector trump the low mood created by recent layoffs, according to an industry report.
For Fernando Teixeira, a love of engineering and the search for a better life led him to accept a top job with an industrial group. As CEO of Valin ArcelorMittal Automotive Steel Co in China, or VAMA, for the last four years, he refreshed its marketing strategies and developed a sense of the country's consumption upgrade, which was visible even in vehicle sales.
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