Chinese universities are increasingly organizing wine events, illustrating how the appreciation of this alcoholic beverage is not just limited to the elite in society.
The Ministry of Finance is planning to promote a pilot program this year to strengthen local governments' budget management related to land transactions. That is a measure to curb the growth of local hidden debts, according to an official familiar with the matter.
Zhejiang Geely Holding Group and German carmaker Daimler AG are to set up a 50-50 joint venture in China, which will make the country the sole producer and exporter of electric smart-branded vehicles from 2022, the two carmakers said on Thursday.
Chinese mainland internet companies are at the cutting edge of virtual banking in Hong Kong, as they strive to ratchet up their presence and strengthen their position in the financial technology race.
Standard Chartered Bank is looking for an opportunity to establish a digital bank in the Chinese mainland as it increasingly highlights the role of technology in its growth, said Bill Winters, group chief executive of the bank.
With the living standards rising and new sectors of the economy opening up in China, oil giant Royal Dutch Shell aims to expand its presence in the country in both upstream and petrochemical manufacturing sectors.
Chinese tech company Huawei Technologies Co said on Wednesday that it welcomes the objective approach of the European Commission's recommendation on 5G security, which did not include a ban on the company's equipment in the next-generation wireless network.
Huawei Technologies Co unveiled a new flagship phone in Paris, in its latest push to attract European consumers with optimized photoshooting capabilities.
Profits of China's industrial firms posted their biggest fall in the post-global financial crisis era in the first two months of this year, official data showed on Wednesday.
Chinese authorities have vowed to take concrete measures to fully implement tax cut plans this year to ensure that tax burdens of all industries will be reduced.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
