Once viewed as the greener pasture for China's aspirational talents, the internet sector is fast losing its luster, with layoffs and cuts in benefits becoming commonplace.
US petrochemical giant Exxon-Mobil is looking to further expand its presence in the upstream sector in China after the Texas-headquartered company signed a framework agreement to participate in a liquefied natural gas receiving terminal.
WELLINGTON - China's peaceful development has become an anchor of stability and an engine of world growth, said a leading expert from New Zealand.
Guizhou province's largest phosphorus and chemicals manufacturer Wengfu (Group) Co Ltd has strengthened innovation to raise efficiency of processing phosphorus resources to reduce pollution and upgrade its product structures while expanding into overseas markets.
Hang Lung Properties Ltd received more than half of its rental revenue in the fiscal year 2018 from projects in the Chinese mainland, and the executive director of the Hong Kong-based developer expects the ratio to grow further along with its business expansion there.
BEIJING - Downward pressure on the Chinese economy has worried global investors, but national lawmakers and political advisers attending the ongoing annual "two sessions" are optimistic about the economic outlook.
Hainan province will stop selling fossil-fuel cars by 2030, making it the first province in China to set a date for elimination of gas guzzling, polluting vehicles.
Members of the 13th Chinese People's Political Consultative Conference (CPPCC) National Committee have mooted the idea of a social credit evaluation system for the entertainment sector, as China steps up efforts to bring order to an industry that was rocked by plagiarism, tax evasion and payments to create fake fan followings in 2018.
E-commerce giant Alibaba Group Holding Ltd is acquiring a stake in a major Chinese courier company as part of its efforts to expand its e-commerce footprint and boost online-to-offline sales through enhanced logistics capabilities.
SF Holding Co Ltd and Deutsche Post DHL Group launched a co-branded business SF DHL Supply Chain China in Shanghai on Monday, marking SF Holding's entry into the much larger supply chain market, said its chairman.
China's vehicle market continued its downward spiral in February, as a result of the weeklong Spring Festival holiday that led to a lull in car sales and more importantly due to the spillover weaker demand from 2018, the China Association of Automobile Manufacturers said on Monday.
The trend of venture capital and private equity firms powering China's innovation boom will intensify in the years ahead, amid accelerated industry upgrade and a more supportive policy environment, analysts said.
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Raymond Zhou
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Chen Weihua
