More steps needed to tackle debt problems

China has less motivation to further stimulate economic growth, but the government needs to search for more methods to control debt and reduce default risks, according to officials and economists.

Govt to boost supervision of rare earth industry

China, the world's largest producer of rare earths, will take key measures in a new push to better exploit rare earth resources, rectify market order and improve management of the market, said the country's top economic regulator.

IN BRIEF (Page 13)

China-Africa expo to energize trade ties

The first China-Africa Economic and Trade Expo, due to be held later this month in Changsha, capital of Hunan province, will spotlight cooperation in manufacturing, agriculture, infrastructure and emerging sectors such as finance and cross-border e-commerce, the Ministry of Commerce said on Tuesday.

Huawei drives ahead with smart car unit

Chinese tech giant Huawei Technologies Co has recently established a smart car solutions business unit, as part of its larger goal of driving a connected and smart future.

E-commerce giants eye rich pickings in lower-tier cities

China's outside-the-box thinking has rewritten the book on e-commerce in a strikingly short amount of time. Just years after Nov 11 made its entry to the world's retail calendar, another once obscure date is shaping up to make a mark: June 18.

Sun wins a lucrative Buffett lunch for $4.567m

The record for a luncheon with US business magnate Warren Buffett was raised this year to a whopping $4,567,888, and the record holder is 28-year-old Chinese cryptocurrency pioneer Sun Yuchen.

Fast growth in services trade industry attracting more global investors

China's trade in services industry is entering a golden stage backed by favorable policies, making the country a compelling destination of choice for global investors, experts said.

What's news

Govt and policies

Nation's reliance on crude oil imports set to continue

While China has stepped up efforts to boost domestic crude oil production and is also trying to replace oil with cleaner alternatives including natural gas, biomass and renewable energy, insiders predict that the country's dependency on foreign crude oil imports will not ease in the short term.

Clean power generation capacity increases with optimized utilization

China has seen its installed capacity of clean power sources continue expanding with utilization optimized during the first three months of 2019, according to the National Energy Administration.

Rising demand for natural gas main driver of energy consumption growth

China's growth in natural gas consumption is expected to slow in 2019, but it will still be the main driver of the energy consumption increase in the country, according to a recent report.