The Chinese economy has changed over the past decades and now relies mostly on the domestic market for sustainable growth, which means there is no reason for China to manipulate exchange rates to cope with trade disputes, Chinese experts said on Tuesday.
China's major telecommunications carriers are racing to commercialize 5G services, aiming to be at the forefront of the next-generation mobile communication revolution and generate new streams of revenue.
Huawei Technologies Co Ltd will invest $800 million to build a factory in Brazil, the world's fourth-largest smartphone market, by 2022 as part of broader efforts to beef up its presence in foreign markets to offset the fallout of global economic uncertainty.
The asset quality of Chinese commercial banks remained stable as their nonperforming loan ratio rose by just 1 basis point from the previous quarter to 1.81 percent at the end of the second quarter of the year.
Shenzhen needs to take on a demonstration role and make more efforts to radiate its energy to other parts of the country, according to experts and scholars.
Global polymers and plastics manufacturer Covestro reaffirmed its commitment to sustainable urban development by hosting the "Future Cities Competition: Shanghai 2019" from Aug 5 to 9. The competition was held together with Tongji University, one of the company's long-term partners in China.
China will remain firmly committed to continuing economic opening-up and broadly deepening financial reforms, including renminbi exchange rate liberalization, despite the ongoing trade tensions, according to the country's top foreign exchange regulator on Monday.
China will accelerate the opening of its commodity futures market to foreign investors, which will help boost the country's pricing influence in the international commodity markets, a senior securities regulator said on Monday.
Overseas investors have continued their activity in the Chinese bond market given its comparatively lucrative performance over the past few months and the central regulators' commitment to further opening up.
China's monetary authority will maintain a prudent monetary policy in the second half of this year, although some external factors may add to economic growth pressure, according to the country's central bank.
Huawei Technologies Co said it plans to unveil its own mapping service in October, as the Chinese tech giant works hard to cope with the US government's ban on using Google Map in its overseas smartphones.
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Raymond Zhou
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