Amid a wave of closures of various Indians banks' China operations, India's largest lender said it will not only stay committed to serving the mainland market but seek fresh growth opportunities, to boost both bilateral trade and the growing Chinese investments in Indian startups.
The chief executive of HSBC has stepped down after less than two years in the job, as the banking giant revealed solid first half profits but warned it faced "challenging" geopolitics.
Editor's Note: China's economy has maintained stable growth, increasing 6.3 percent year-on-year in the first half of 2019. China Daily invited senior executives of multinational companies to share their views on the nation's economic development and outlook.
China's growing clean power demand has boosted the rapid development of nuclear power in the country, making it among the few in the world to have independently developed third-generation nuclear power technology, with a complete industry chain, industry experts said.
Chen Jiaxin, a post-90s game developer in Shenzhen, Guangdong province, takes time out to have a beverage every day. On most occasions, it would be a takeout bottle of pearl milk tea from yidiandian, a milk tea shop, but on other days it would be a cup of iced lemon tea in the afternoon with his friends at a nearby cafe.
The continued robust growth in China, especially of e-commerce platforms, helped French cosmetics group L'Oreal to post impressive results during the first six months of this year, according to company officials.
SWIFT, the global financial messaging service platform, is accelerating its localization in China given the backdrop of increasing Chinese financial market liberalization, its senior executive said.
The unexpected box office success of Chinese animated film Ne Zha turned into a significant money spinner for its producers.
Uniqlo, the Japanese clothing brand owned by Yamaguchi-headquartered Fast Retailing Co Ltd, will add more Chinese cultural elements to its designs, and increase its China store count to over 1,000 within the next three years, said its top executive for China operations.
Japanese financial firm Nomura Securities Co Ltd is preparing to launch business operations of its joint venture in China soon and is eyeing new opportunities as the country pushes further financial liberalization.
BEIJING - China has been active in the deployment of solar photovoltaic or PV power generation, a fast-growing renewable energy technology in the world, and has been reducing subsidies in the sector as the technology's commercial maturity deepened in recent years.
BEIJING - China's online platforms that offer a multitude of services are expected to continue robust growth as the government has pledged more facilitating measures.
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Raymond Zhou
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Chen Weihua
