More than 30 central State-owned enterprises from the power, infrastructure and transportation industries have made plans to seize business opportunities expected from the planned creation of the Xiongan New Area in Hebei province, according to the website of the country's top SOE regulator on Monday.
The rapid growth of China's business aviation market has attracted aircraft makers to increase their service offerings tailored for the country, where more than 600 business jets, worth $18 billion, are being operated.
China-made wheels are about to be used by Williams Martini Racing in Formula One in the 2018 season, which will be the first time that Chinese products are used at the highest class of single-seat auto racing.
China's banking regulator on Monday issued guidelines on risk control for lenders, a move to prevent and resolve any systemic financial risks.
AliExpress Ltd, a retail site that allows Chinese merchants to sell directly to foreign customers, aims to serve 1 billion users globally within seven years and build a "cyber Silk Road" following the Belt and Road Initiative.
As China's oil and gas giants further speed up company-level reforms, insiders believe the Chinese government is also likely to release its reform plan for the sector by the end of the second quarter or June 30, to further open up the country's energy markets.
Sinopec Engineering (Group) Co Ltd provided more than 5,000 job opportunities in Kazakhstan by 2016 through joint business projects with local oil and gas company KazMunaiGas, which helped promote the transformation and upgrading of the Central Asian country's petroleum industry, company executives said.
NEW YORK - China's Belt and Road Initiative and other similar efforts are really important for the future growth of multinationals and their clients, the CEO of a leading global advertising company told Xinhua in a recent interview.
From a business and investment perspective, the Belt and Road Initiative will benefit not only China but also economies in Asia and Europe, said several foreign officials.
China may have emerged the world's largest consumer market by 2016-end, but it's only recently that steps to revolutionize the retail-scape have accelerated, with merchants and brands hailing the dawn of so-called 'New Retail', according to consultancy eMarketer.
Logistics will play a critical role in fulfilling a seamless shopping experience in the era of the "New Retail", experts said.
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Raymond Zhou
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