The Belt and Road Initiative could play a key role in shoring up the precarious global economic recovery clouded by trade tensions, as it could not only bolster international trade and investment but help improve global governance, experts said on Tuesday.
Asian toy retailer Toys R Us aims to open 50 new stores a year in China over the next three years as the nation undergoes a consumption upgrade and more couples have a second child. The expansion plan will make China its biggest market in Asia by 2021, said the company's China head.
China will maintain its attraction to global investors, because of its further opened market and the fast upgrading of its digitalized business environment, said the leader of the Association of Chartered Certified Accountants, a global accounting body headquartered in London.
Cross-border transactions of insurance products within the Guangdong-Hong Kong-Macao Greater Bay Area are in the pipeline, using a model similar to that in the transaction of stocks and bonds.
Great Wall Motors has unveiled a $500 million plant in Russia, its largest ever investment overseas, marking an important step as the largest Chinese SUV maker pushes forward its globalization strategy.
While China's customs data point to solid growth in imports and exports in the first five months of this year, a customs official predicted that the country's economic development trend will remain stable and resilient in the long term.
Shanghai aims to establish a complete hydrogen energy and fuel cell vehicle industrial chain in its northwestern Jiading district, a new effort by the city to greatly develop the fuel cell industry, experts said.
Huawei Technologies Co seems to be moving very fast to prepare for the launch of its self-developed operating system, as the Chinese tech giant has reportedly shipped 1 million smartphones with the software onboard for testing.
China's foreign exchange reserves moderately increased to $3.101 trillion at the end of May, the highest level in nine months. They were up by $6.1 billion or 0.2 percent from April, according to data from the country's top foreign exchange regulator on Monday.
The property market on the Chinese mainland cooled off in May after a torrid performance earlier in the year, due to increased regulatory intervention, experts said.
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Raymond Zhou
Op Rana
Berlin Fang
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Chen Weihua
