Dutch entrepreneur Fokke de Jong has built his menswear brand into a $400 million fashion empire and won over a galaxy of celebrities including Bruno Mars and Leonardo DiCaprio over the past two decades.
Growing demand by Chinese consumers for quality content and a better watching experience is boosting the local premium film screening market, which should lead to more robust growth of the sector, an industry insider said.
China Railways Construction Corp signed its first building construction contract in Russia with Afi Development Group on Monday in Moscow, showcasing its expansion plans in that country.
Research and development work on the next generation of exascale supercomputers, the Tianhe-3, is expected to be completed by around 2021, according to the National Supercomputer Center in Tianjin.
Italy will look to increase exports of goods that appeal to young millennial customers in China, the biggest drivers of consumption, as part of its efforts to boost e-commerce cooperation, officials said.
Development of charging infrastructure for new energy vehicles is fast catching up with the growth in sales of such vehicles, although the number of NEVs in China still outstrips the existing charging facilities, according to industry experts.
Development of the artificial intelligence industry still has a long way to go before it can become "real intelligence" and be applied in various sectors, industry experts and market insiders said.
US-listed Huami Corp unveiled a new smartwatch on Tuesday to target fans of classic designs after the tech company became the second most popular adult smartwatch brand in China.
In his famous book The Rise and Decline of Nations, Mancur Olson, the late economics professor at the University of Maryland, argued that if societies don't continuously evolve their economic structures, then they will become stagnant and innovation will stop.
Despite downside pressure, the Chinese economy is expected to remain stable in the second half of this year. The year-on-year GDP growth rate for 2019 is expected to be no lower than 6.2 percent.
The outcome of the much-anticipated Xi-Trump meeting at the G20 summit in Osaka was largely in line with our expected central case, with the United States and China agreeing to resume talks and not escalate the dispute further.
Beijing has been included among the top global innovative centers, as the national economy undergoes growth toward higher value-added activities and new growth drivers, experts said.
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Raymond Zhou
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