Index provider MSCI's saying yes to China's A-share market might help boost the yuan's exchange rate in the short run, but market expectations in the long run depend on the country's economic fundamentals and its pace in the yuan's exchange rate reform, according to analysts.
Financial regulators in Hong Kong hailed Morgan Stanley Capital International's decision to include the A-share index, saying the inclusion will further cement the city's gateway status linking the mainland equity market with overseas stock markets.
Wang Shi, founder and chairman of China's real estate giant Vanke Co Ltd, announced on Wednesday he will step down and the company's president Yu Liang will take his place.
China's largest shipping group is beefing up its operations to compete against global rivals as it pursues business opportunities thrown up by the Belt and Road Initiative.
A specialized subsidiary of China COSCO Shipping Corp is making major inroads in emerging markets through infrastructure development and new energy projects.
China COSCO Shipping Corp is extending its container fleet as the company expands its sea routes.
Zhou Xiaochuan, governor of the People's Bank of China, China's central bank, said further opening up helps to build a strong and competitive financial sector in China.
A rising number of Chinese shoppers prefer restaurant food and delivery to their home or dining out, despite a five-year low in home consumption growth, according to an industry report.
China's major internet search engine Baidu Inc announced a strategic partnership with Agricultural Bank of China Ltd on Tuesday, to build intelligent bank that uses big data, artificial intelligence and cloud computing.
When Alibaba's Jack Ma met US President Donald Trump in January, he said he would create a million jobs in the United States, and he set out to make his first attempt at fulfilling that pledge in Detroit this week.
Qinghai province will cut its carbon emissions to zero for the first time and power the entire province by renewable energy for seven days as a trial, said a top leader of the province.
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