The newly released property purchasing policy in Beijing is likely to cause terminations on existing contracts and help cool down the capital's property market, according to industry insiders.
BEIJING - The chief scientist helping drive Baidu Inc's artificial intelligence push is quitting the search giant, putting at risk its efforts to place the sector at the center of its business revival.
More inclusive forms of globalization are vital as catalysts for growth in emerging economies amid a global economic downturn, Secretary-General of the Boao Forum for Asia, Zhou Wenzhong said on Wednesday.
BEIJING - Chang Linglong has just returned from a trip to Shanghai that she describes as "a nightmare". The 160-square-meter apartment she booked on a short-term rental website turned out to be just 70 square meters.
China's sharing economy will maintain a high 40 percent annual growth rate in the coming years, according to estimates in a report released by the State Information Center.
China plans to introduce its first regulation on making outbound direct investments later this year to clarify and define the range of overseas investments, as well as listing prohibited areas and other essential factors, according to a report by Beijing-based newspaper the Economic Information Daily on Tuesday.
NEW YORK - Chinese conglomerate HNA Group Co is leading a deal to acquire Manhattan's 245 Park Avenue for $2.21 billion, one of the highest prices ever paid for a New York skyscraper, two people with knowledge of the negotiations said.
Apple Inc is making a big push to attract mobile application developers in China, as it attempts to create new momentum in the key market.
The European Investment Bank is aiming to provide 500 million euros ($540 million) of financing in environmental and climate-related projects in China this year, while exploring co-investment opportunities with Chinese banks in overseas green projects, a senior official of the bank said on Tuesday.
E-commerce giant Alibaba Group Holding Ltd announced on Tuesday it now fully owns online ticketing platform Damai.cn.
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Raymond Zhou
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