Shanghai, HK vie for IPO lead

As New York remains on track to knock Hong Kong off its pedestal to become the world's biggest listing venue this year, the Asian financial hub is wrestling with Shanghai for the second place in the league tables.

City ranks 6th among world's top financial centers

Shanghai has moved up to the sixth place in the 22nd Global Financial Centres Index, moving from the 13th place in the previous ranking. This is the first time Shanghai has joined the world's top 10 since the inception of the index in 2007.

German testing firm to expand battery facilities

German testing and certification company TuV Rheinland plans to invest 100 million yuan ($15.2 million) in the coming two years to expand its facilities to test large batteries in China in response to the phenomenal growth in the electric vehicle battery industry.

RMB closer to international currency status

With the exchange rate of the renminbi steadily rising, and the Belt and Road Initiative furthering Chiense investment overseas, China is approaching the day when it can promote the internationalization of its currency, said an adviser to the People's Bank of China.

Caterpillar debuts new equipment in China, demonstrates growing importance of market

Manufacturing giant Caterpillar chose this year's Beijing International Construction Machinery Exhibition and Seminar for a world premier of three new models of hydraulic excavators on Wednesday.

Stitching together a success story

Kassel Kahaer is busy stitching the hems of a towel in a workshop owned by Xinjiang Xinyuesilu Co Ltd, a textile manufacturer in the Xinjiang Uygur autonomous region.

Farmers enjoy fruits of their labors in Gansu

Farmers from Gansu have increased their living standards by linking up with a major soft drink company.

Tourism drive helps to ease poverty in Qinghai

A revamp of infrastructure at local flower tourism sites in Menyuan Hui Autonomous County in Northwest China's Qinghai province is helping lift the income of households in the poverty-stricken region.

IN BRIEF (Page 18)

Bookstores open a new chapter

Mao Jianping likes to pop into the Shanghai Book Mall and immerse himself in maps.

Plot thickens for a 'lifestyle' chain with a difference

Private investment is helping to fuel the boom in newlook Chinese bookstores.

Shape of things to come with a distinctive twist of glamour

State-owned Xinhua Bookstore Group plans to update its out-of-date shops to match a new breed of traditional outlets and online retailers.