Five years after relocating from Beijing to a small city in neighboring Hebei province for work, 36-year-old Liu Zhidong is now content with the new environment.
The Beijing-Tianjin Zhongguancun Tech Town is banking on the 110 billion yuan ($16.5 billion) investment from the Zhongguancun Development Group for its next stage of economic transformation.
As the integrated development of the Beijing-Tianjin-Hebei region enters its fifth year, Yizhuang, in southeastern Beijing, is looking to expand these gains to become a national hub for scientific research.
China National Petroleum Corporation, the country's largest oil and gas producer and supplier, reported steady daily production of shale oil of 20-30 cubic meters in its Dagang Oilfield, a sign of the industrial development of continental shale oil in the Bohai Bay Basin, it said.
Short video app TikTok is eyeing a bigger presence in the United States after settling a dispute involving its sister app for violation of local rules.
Low-cost carrier NokScoot Airlines, a joint-venture between Thailand's Nok Air and Singapore's Scoot, on Tuesday expanded its footprint in China with direct flights between Shanghai and Bangkok.
Hyatt Hotels Corp, a US-based hospitality chain, and Beijing-based BTG Hotels (Group) Co Ltd have formed a joint venture to create an upper-midscale brand in China to capitalize on the country's expanding travel and tourism market.
Editor's Note: The Third Plenary Session of the 18th CPC Central Committee held in November 2013 decided to comprehensively deepen the country's reform and opening-up. China Daily is interviewing top executives of well-known multinational companies for their views on the country's socioeconomic development during the past five years.
What progress has China made in streamlining government functions to raise efficiency?
Crossover retail or brands building cooperation with each other for new products is the new buzzword for companies looking to gain an edge in China's rapidly changing retail marketplace.
China's urbanization rate is expected to reach 70 percent and 80 percent in 2030 and 2050 respectively, as its stable growth rate will help fuel domestic demand despite slowdowns in investment, consumption and exports, said experts during a recent forum.
Companies from the telecommunication, media and technology sector will dominate the initial public offering market on the mainland this year, as semiconductor, artificial intelligence, cloud computing, 5G networks and intelligent manufacturing firms attract interest from investors, according to global accounting firm Pricewaterhouse Coopers.
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