China will push forward development of an ultra HD video (4K/8K) industry by building more ultra video industrial innovation and application centers and strengthening cooperation between Chinese ultra HD video-related companies and their overseas counterparts, a senior official said.
Shanghai has formed an artificial intelligence industrial alliance dedicated to "resources matchmaking" as the city gears up to become a global leader in pioneering the latest AI practices.
Governments and commercial banks at all levels must join forces to explore various measures to make small business loans and financing commercially sustainable, to which effective risk management is the key, said China's banking and insurance regulatory officials.
Commercial banks in Zhejiang province are taking innovative measures to help private companies with good prospects get through hard times, by exploring an interbank consultation mechanism under the guidance of local banking and insurance regulators.
Tianjin Goubuli Group Corp, a century-old company better known for its uniquely flavored baozi or steamed buns, will put up a probiotics plant in Australia on May 13, after officially acquiring the majority stake from an Aussie bioscience company last month, said its top executive.
Japanese electric motor manufacturer Nidec Corp said it plans to invest around $100 million in its second production facility in China's eastern Zhejiang province as part of its broader efforts to tap into "unprecedented" opportunities brought by the country's booming development in new energy vehicles and smartphones.
Chinese energy companies are expanding their presence in countries and regions participating in the Belt and Road Initiative, and promoting green, clean power generation in countries beyond China.
Construction of the Karot hydropower project in Pakistan, China's first overseas hydropower program to use its own technology and standards, is expected to finish in two years and start power generation by April 2021, according to its developer China Three Gorges Corp.
Participants in the Belt and Road Initiative have a growing desire to get as many of the Belt and Road projects done in the private sector as possible. Alan S. MacDonald, vice-chairman of Citibank, is one such participant.
China Eastern Airlines will use Beijing's upcoming new airport as an opportunity to expand its international network, especially to destinations in economies participating in the Belt and Road Initiative, a top company official said.
When Shanghai's Vice-Mayor Wu Qing made the world's first 5G video call during a ceremony in March, he was turning the "high resolution, low latency" technological rhetoric into reality.
Hefei, capital of East China's Anhui province, has made significant progress in leading the country's quantum information development efforts.
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