Hunan Liebao Automobile Co Ltd is planning to set up its first overseas facility in an ASEAN country in 2018, a move to facilitate its expansion in Southeast Asian markets, according to the company's chairman.
Regional transport integration among Beijing, Tianjin and Hebei province is expected to speed up after the establishment of a 100 billion yuan ($14.52 billion) development fund for financing the construction of intercity railways.
The strict implementation of China's cybersecurity law and regulations will help safeguard the country's cyberspace, though more online attacks are likely to occur amid the increasing use of the internet in industrial operations, a report said on Wednesday.
Shanghai posted 6.8 percent GDP growth in the first quarter of 2017, a better than expected performance thanks to recovering industrial output and the continuous growth of the service sector, said the city's statistics and development and reform authorities.
The robust growth of the Chinese economy in the first quarter is a positive sign for the global economy, the head of a US business lobbying group said on Tuesday, calling for further progress in bilateral trade and investment relations.
China's outbound direct investment in economies along the Belt and Road Initiative continued to grow in the first quarter despite the nation's ODI seeing an overall decline during the period, the Ministry of Commerce said on Tuesday.
Ant Financial Services Group said on Monday it will extend its indigenous mobile payment technologies to economies along the Belt and Road Initiative and unveil a number of Alipay-like services this year.
Paytm, India's largest mobile wallet operator by user number, is on course to introduce a money market fund, a credit scoring system and other functions similar to the architecture of Alipay by 2020, its chief executive officer said.
China's stronger-than-expected economic growth in the first quarter has prompted economists to raise their full-year forecasts, lifting confidence about the resilience of the economy.
Home prices in lower-tier cities rose faster in March and those in some first-tier cities dropped slightly as new city-specific home purchase policies took effect, according to data issued by the National Bureau of Statistics released on Tuesday.
Shanghai-based food conglomerate Bright Food Group Co has confirmed it will sell the majority of its stake in UK cereal brand Weetabix to US cereal company Post Holdings, the group's spokesman told China Daily on Tuesday.
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