Editor's Note: The Third Plenary Session of the 18th CPC Central Committee held in November 2013 decided to comprehensively deepen the country's reform and opening-up. China Daily is interviewing top executives of well-known multinational companies for their views on the country's socioeconomic development during the past five years.
What progress has China made in streamlining government functions to raise efficiency?
Crossover retail or brands building cooperation with each other for new products is the new buzzword for companies looking to gain an edge in China's rapidly changing retail marketplace.
China's urbanization rate is expected to reach 70 percent and 80 percent in 2030 and 2050 respectively, as its stable growth rate will help fuel domestic demand despite slowdowns in investment, consumption and exports, said experts during a recent forum.
Companies from the telecommunication, media and technology sector will dominate the initial public offering market on the mainland this year, as semiconductor, artificial intelligence, cloud computing, 5G networks and intelligent manufacturing firms attract interest from investors, according to global accounting firm Pricewaterhouse Coopers.
Beijing-Shanghai High-Speed Railway Co Ltd, a unit of China Railway Corp and the company that runs the Beijing-Shanghai high-speed railway, is planning to raise funds through an initial public offering on the A-share market, it said in a regulatory filing on Tuesday.
Top Chinese mobile application publishers saw significant revenue growth in 2018, with 11 domestic internet companies earning places on a recent list of the top 52 app publishers in the world.
Hainan, China's largest free trade zone with a higher-level of opening-up policies, has made considerable progress in its efforts to create a favorable environment for innovation in the island province, according to provincial officials.
Contrary to expectations, there was an uncanny silence in the normally bustling streets of Ningbo, a city in Zhejiang province, during my trip in early February. Barring the stray dogs looking for crumbs, there was an all-pervasive silence in the air, apart from thin wafts of smoke emanating from incense burned for welcoming the god of fortune in the Year of the Pig. Perhaps it had a lot to do with the Spring Festival holidays.
Daqiuzhuang, one of China's largest steel production centers in the southwestern suburbs of Tianjin, plans to inject 1 billion yuan ($147.5 million) to build a Sino-German ecological town.
Boosted by Chinese consumers' higher demand for premium products, L'Oreal Group, one of the world's largest cosmetics groups, registered a 14-year high turnover in China last year, according to fiscal results released on Monday.
Guangdong province's high import and export volume has been attributed in part to the restructuring and upgrading of foreign trade companies and innovation in science and technology.
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