Trade restrictions launched by the United States could cause huge losses for US companies operating in China, experts said.
As trade tensions between China and the United States continue to evolve, politicians, economists and trade experts tend to focus on China's huge surplus in goods trade with the US. But looking at the trade in the service sector, the data tell a different story about the bilateral commercial relationship.
Alibaba Group Holding Ltd announced on Monday it will take full control of food delivery platform Ele.me, as the e-commerce conglomerate seeks to enhance "last-mile" delivery capabilities crucial to its New Retail commitment.
Hema Fresh, the prototype supermarket chain of Alibaba Group Holding Ltd's New Retail concept, has launched a 24 hour delivery service in two Chinese cities as it strives to combine the online and offline shopping experience.
Manufacturing activity of Chinese enterprises gathered speed in March, indicating that the nation's economy continued to maintain momentum in the first quarter of this year, latest data said.
US retailer Walmart Inc is looking to make further inroads in China's burgeoning retail market by expanding services to busy Chinese families through omni-channels, an expanded hypermarket network, more high-end membership stores and supermarket formats, a top official said.
China Petroleum& Chemical Corp has pledged to increase its share of clean energy production capacity to more than 50 percent within six years, through increasing its output of natural gas, shale gas and related facilities.
BEIJING - The City of London is willing to share its knowledge and expertise with China in building a smart, green Xiongan New Area - a planned extra-large metropolis in North China, City of London Lord Mayor Charles Bowman said in a recent interview here.
China CITIC Bank Corp Ltd, the banking unit of conglomerate CITIC Group Corp, said on Saturday that it plans to provide banking services in the Xiongan New Area.
The value of "Strad" violins has never gone down.
The once-hot art market is expected to recover in China, according to recent market research.
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Raymond Zhou
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