Shanghai has the world's largest concentration of major global retailers after Dubai, providing a solid foundation for the metropolitan city to fulfill a key government initiative known as the "Shanghai Shopping" brand.
FUZHOU - Loaded with food, clothing and furniture, shipping company MSC's "Seaspan New York" left Xiamen port in East China's Fujian province in early April.
Domestic consumption will have to be the primary demand-driver for the products of China's factories and businesses. For, the nation is transitioning from an economic model based on infrastructure investment and exports made by low-cost labor toward one based on higher wages, upgraded industry, and technology development.
Pawsome, a Shanghai-based fresh pet food company, had in early April placed 5,000 bilingual pet guides in about 180 pet-related businesses around the city.
Local governments will be urged to leverage financial resources for reducing "hidden debt" and make use of market-oriented financial instruments for debt swaps, a senior government official said on Thursday.
With the booming artificial intelligence, cloud computing and big data technologies, China is shaping up to be one of the leading innovators amid the new round of digital transformation and smart revolution, top executives of tech firms said on Thursday.
Quarterly earnings of leading Chinese internet companies have surpassed earnings estimates, with new spending power and additional revenue sources expected to lend further support to the economy.
Property prices in China remained resilient in April as easier credit, purchase policies and steps by several cities to attract talent with friendly housing policies spurred demand for new homes.
Microsoft Corp said on Thursday that its flagship artificial intelligence platform Xiaoice has gained commercial traction in sectors like voice, painting and writing, with its chatbot attracting 120 million active users on a monthly basis and 50 billion chats worldwide.
The Second World SME Conference is scheduled to be held at Beijing Yanqi Lake International Convention and Exhibition Center from June 21 to 23, aiming to facilitate communication and development of small and medium-sized enterprises (SMEs) worldwide, the conference's organizers said in a media conference on Thursday in Beijing.
Huawei Technologies Co on Wednesday launched an artificial intelligence-powered database to improve its cloud services as the technology giant continued to make huge software investments amid rising global cybersecurity concerns.
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Raymond Zhou
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