Guangzhou and Shenzhen rank as the two most popular destinations for foreign investment on the Chinese mainland, according to a study conducted by the American Chamber of Commerce in South China.
China's first batch of car plates for road tests of connected cars was issued in Shanghai on Thursday, allowing vehicles to be test driven on a 5.6 kilometer-long road, which demonstrates the lead the city has taken in applying intelligent and connected car technologies across the country.
The People's Bank of China, the central bank, will encourage financial institutions belonging to the banking sector to issue creative and new types of bonds to supplement capital ahead of the tighter international regulatory standards that will come into effect from Jan 1, 2019.
The State Administration of Industry and Commerce said it will continue to deepen reform of the country's business administration system this year to further improve the commercial environment.
China took strong exception on Wednesday to the United States decision of imposing anti-dumping and countervailing duties on aluminium products from the country and said will take necessary measures to defend the interests of its exporters.
NANCHANG - In an attempt to find a shortcut to an IPO, Chinese companies are breaking with tradition and moving from big coastal cities to small inland towns. VST Automotive Navigation Co Ltd is one of the firms seeking to benefit from fast-track IPOs intended to help tackle poverty.
Tencent Holdings Ltd is making a fresh bet in expanding its music portfolio and footprint by leading an investment in an Indian music streaming service.
The country's second-largest e-commerce site JD has officially opened its Australia and New Zealand headquarters in Melbourne, Australia as it accelerates expansion in overseas markets amid fierce competition from Alibaba Group Holding Ltd and Amazon.com Inc.
For Zhejiang Geely Holding Group, even the sky is no limit to its ambition, literally. The Chinese carmaker, which made headlines last week by becoming the largest shareholder in Mercedes-Benz owner Daimler, is to produce flying cars in China.
The average annual income of expats in Shanghai was $202,200 last year, more than double the global average and much higher than other Asian cities like Hong Kong, Singapore and Tokyo, according to the 2017 Expat Explorer survey by HSBC that was released on Tuesday.
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Raymond Zhou
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