Huawei Technologies Co posted steady revenue growth during the first three quarters of this year on the back of its robust smartphone business, as the tech giant seemed to have shrugged off much of the impact from US restrictions.
A big data center was announced on Wednesday which will be established in the Western Cloud Base in Zhongwei, in Northwest China's Ningxia Hui autonomous region, as the city steps up efforts to further develop its cloud computing industry.
Chinese monetary authorities said on Tuesday that they are aware of the rising prices and vowed to maintain a "prudent" monetary policy stance so as to keep market expectations at a rational level.
Leading Chinese exporters remained optimistic on growth prospects in the overseas markets on Tuesday, despite slowing global growth and rising trade protectionism.
The Belt and Road Initiative has provided ample investment opportunities for outbound Chinese companies, despite stringent cross-border investment regulations crimping opportunities in several nations, according to professional services firm EY.
Huawei Technologies Co Ltd said on Tuesday that it has booked over 60 5G contracts, signaling global telecom carriers' increasing confidence in the Chinese company despite US restrictions.
A total of 41 cities in the Yangtze River Delta region, which generates more than one-fifth of the country's GDP, announced ambitious goals on Tuesday to build the area into a world-class city cluster characterized by top-notch industrial combinations and an interconnected traffic network.
When Tao Lin, vice-president of the California-based Tesla Inc, and her colleagues visited a site in Shanghai's Lingang area where the company planned to build its first factory outside of the United States one year ago, they didn't expect that the plant would become a part of the China (Shanghai) Pilot Free Trade Zone.
China's latest batch of free trade zones will help open up the country's border regions, and strengthen the economic and trade ties with neighboring countries, experts said.
Macao's plan to set up an offshore yuan-denominated stock exchange will help diversify its local economic structure and bolster technology development in the region, analysts said on Monday.
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Raymond Zhou
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