New economy sectors are set to be a strong anchor of China's growth, as the expansion momentum of these sectors dictated by technological advances and changes in lifestyle is unlikely to be impeded by external uncertainties, analysts said on Monday.
China is restructuring Bank of Jinzhou Co Ltd, a troubled city commercial bank, by introducing new investors to deal with its nonperforming loans, improve corporate governance, and prevent the triggering of systemic risk.
China is to ramp up its efforts to rein in unwanted steel output, especially that which is substandard and polluting, in order to contain risks from excess capacity and promote high-quality development in the steel industry, key industry officials said during the China Iron and Steel Association's annual midyear convention on Monday.
Zhejiang province became a hot spot for foreign investment in the first half of 2019 because of steady upgrades in the business environment, government officials and industry experts said.
Xi'an, an ancient capital in Northwest China, intends to push the high-quality development of cultural and tourism industries by taking advantage of its historical resources, local officials said.
Theme parks, several research houses aver, is the next big chapter in China's ongoing consumption upgrade saga, after the surge in outbound tourism flights and a spike in cinema screens.
It's totally understandable why some people, especially adults, loathe theme parks. All the artificiality has to be the culprit: the carrying of the balloons, the flamboyant headwear, the rhythmic melody looping and looping...
"The Belt and Road Initiative proposed by China promotes regional economic cooperation and coordinated development, and offers new opportunities for Chinese enterprises to go global," said Gu Xin, general manager of the international department of Sinopec Lubricant Co Ltd, at a recent lubricant promotion meeting in Thailand.
Shanghai Disney Resort is seeking to enable its patrons to soar to infinity and beyond this summer.
The most surprising thing about the Chinese economy in the first half of 2019 was that there were no surprises.
The relationship between China and the world is changing in ways large and small, triggered by factors ranging from the rebalancing of China's economy toward services and domestic consumption to rising trade tensions and ASEAN's emergence as an attractive sourcing destination.
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