China is likely to raise the debt ceiling for local governments from next year to ease fiscal deficit pressure and strengthen investment, a key measure to stabilize economic growth against further headwinds, experts said on Thursday.
Natural gas will start flowing through the China-Russia east route natural gas pipeline from next month, and will help meet clean energy demand in several places across Northeast China, the Beijing-Tianjin-Hebei region, and the Yangtze River Delta area, China National Petroleum Corp said on Thursday.
Chinese home appliance maker Skyworth Group plans to build three manufacturing bases in South America, North Africa and the Middle East regions in the coming two to three years as it strives to expand its global footprint amid growing saturation in the domestic market.
The Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone released its industrial map presenting the layout of the key industries in the zone on Thursday, the hundredth day since its launch.
NANJING - When Stephen Toope, the vice-chancellor of the University of Cambridge, toured the Jiangbei New Area in Nanjing, in East China's Jiangsu province, "great" was his most frequently used word.
Huo Jinyuan, a 72-year-old farmer in Ulaanqab in the Inner Mongolia autonomous region, struggled to make ends meet before an oats company joined hands with the local government and financial institutions to help lift impoverished households in the region out of poverty.
The family of Huang Mingzhi, a farmer in Wangcang county of Guangyuan, Sichuan province, was hard hit by poverty after his eldest daughter was diagnosed with leukemia.
China is planning to impose special regulations for a group of systemically important banks (SIBs) to curb financial risks and management failures, according to financial regulators.
China's shorter negative list for domestic and global investors will further ensure its status as one of the top global destinations for foreign direct investment and boost business confidence in many partner economies, said officials and business executives.
An increasing number of European countries are taking an unbiased approach toward the use of Huawei Technologies Co's technologies in their 5G network rollout, despite the US government's efforts to persuade them into banning the Chinese company.
Major online retailers are looking to cash in on the Black Friday shopping spree, which falls on Nov 29 this year, and formed partnerships with each other as more Chinese consumers scout for high-quality products from abroad.
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Raymond Zhou
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