On a weekend morning in 1964, Chen Shiz-hen, 28, looked down from an eighth-floor window of the Ton Ying Company on East 57th Street in Manhattan and saw a familiar limousine parked in front of the building.
The People's Bank of China, the central bank, said on Thursday that a currency crisis was unlikely in the country as the long-term optimistic outlook and adequate policy tools would help ward off any potential threats from unexpected currency swings.
Shares in Luckin Coffee, Starbuck's Chinese rival, fell below their initial public offering price on Wednesday, just days after its debut on the Nasdaq, triggering concerns over its profitability and long-term growth.
Italian luxury watch manufacturer Panerai is taking the road less traveled to boost growth in China, one of its most important markets, a top company official said on Thursday.
A new round of investigation on risky public-private partnership (PPP) projects has started in China, with an eye on slowing the growth in local government debt and preventing financing risks, the Ministry of Finance said on Thursday.
As Huawei Technologies Co faces arguably its biggest challenge in its 30-year-plus history, the company's 74-year-old founder Ren Zhengfei wants to show the world that Huawei is prepared for a worst-case scenario.
In his wide-ranging interview with Chinese media, Huawei founder and CEO Ren Zhengfei pointed to education and its fundamental role in improving China's competitive strength.
Gestamp, a multinational vehicle components company based in Spain, will step up its efforts to consolidate growth in China, with priority given to electric vehicles, said the company's Executive Chairman Francisco J. Riberas.
Six provinces in China's central region secured 406 investment projects with combined value totaling 483.51 billion yuan ($69.96 billion) during the recently concluded Expo Central China 2019.
Tariff hikes are attempts by the US authorities to curb China's rapid growth and would result in steep losses for both sides, besides causing disruptions to the global economy, economists said.
Huawei Technologies, the Chinese technology giant, has reiterated that it will launch the 5G-enabled smartphones during the fourth quarter of this year and press ahead with internationalization plans despite the challenging global environment.
Huawei Technologies Co said on Wednesday that it may launch a self-developed operating system later this year as the tech giant steps up efforts to enhance in-house software capabilities to offset the fallout from US restrictions.
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