Chinese carmaker Geely Auto Group announced a deal on Thursday to partner with South Korean battery maker LG Chem to power its drive into the fast-growing new energy vehicle segment.
The 35-year-old US retailer Forever 21, which has said it will shut all of its stores in China, reflects the strain of fierce competition that fast fashion brands face in China.
German software and cloud giant SAP SE is scrambling to offer more localized services in China as part of its broader efforts to step up investment in the country, the fastest growing market for the company.
Following the opening of the Hong Kong-Zhuhai-Macao Bridge late last year, Deutsche Post DHL Group, which is headquartered in Bonn, Germany, decided to launch a cross-border truck service via the bridge that will cut transit time by 75 percent and costs by up to 15 percent compared with previous routes.
Moderate inflation and the global dovish monetary environment may provide more room for the Chinese authorities to adjust money and credit supplies as a tool to counter downside risks if trade tension escalates, said economists.
China is unlikely to face major inflationary pressure this year, despite the consumer price index, a primary barometer of inflation, hitting a 15-month high in May, analysts said on Wednesday.
United Kingdom mobile operators plan to warn the British government that a ban on Chinese telecommunications company Huawei would jeopardize the UK's role as a leader in mobile connectivity.
Chinese consumers are exhibiting a notably greater willingness to embrace new vehicle features such as autonomous driving, connectivity and electrification than their counterparts throughout the Asia-Pacific region, according to the latest survey released by global consultancy Deloitte.
Danish wind turbine manufacturer Vestas Wind Technologies, the biggest player in its sector of the market worldwide, has pledged to continue providing sustainable energy solutions in China by taking an active part in shaping the future of the largest wind energy market in the world.
China has risen rapidly in the mobile internet industry with the number of mobile internet users reaching 820 million in 2018, up 9 percent year-on-year, driven by the explosive growth in the short video market, an internet trends report said.
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Raymond Zhou
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Chen Weihua
