Investors in the tech sector believe that a fundamental change in their business is coming in the next five years as an array of new technologies become commercially viable simultaneously. And, they argue that the Chinese tech market ecosystem is in a unique position to build products, companies and business models using these new technologies.
China's A-share market is likely to remain bullish this week, while stock performances may diverge, analysts said.
China' largest low-cost carrier Spring Airlines announced on Monday it will adopt Airbus' aviation data platform Skywise Core, becoming the first airline in the Chinese mainland to get connected to the system that aims to help airlines improve operational performance and support their digital transformation.
Domestic iron ore miners are unlikely to ramp up production to fill the supply gap after the bursting of Vale's dam last month in Brazil, due to strict environmental regulations and high production costs, said industry insiders.
Large State-owned commercial banks are likely to take the lead in setting up independent subsidiaries focusing on wealth management business, analysts said.
In Changsha, capital of Hunan province, a bus avoids pedestrians, speeds up, slows down, makes an emergency stop, overtakes other cars and navigates traffic lights.
Slowdown-scarred and growth-seeking Chinese television manufacturers are ushering in an era of premium and intelligent TVs.
Chinese TV panel manufacturers are investing heavily in large-size screens with high-definition and cutting-edge technologies, a move that China's display panel industry hopes will help it to make headway against overseas competitors.
Consumer electronics giant TCL Corp is setting out strategic plans in the fields of artificial intelligence, big data, new semiconductor display technologies and materials, and intelligent manufacturing.
For the 148 million travelers from the Chinese mainland who visited overseas destinations last year, and spent $120 billion in all, tourism is no longer just for shopping but an opportunity to mature, evolve and add value to life through richer experiences, said industry experts.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
