Alibaba and Tencent are waging war on yet another front: automobiles.
The People's Bank of China, the central bank, will allow the market to play a bigger role in determining the yuan's exchange rate while maintaining a prudent and neutral monetary policy this year, a top official said on Monday.
The growth momentum of the world's largest smartphone market has come to an end, with China's smartphone shipments suffering a 4 percent decline year-on-year in 2017, marking the country's first-ever annual decline in the field.
China's four major power generation groups have asked the National Development and Reform Commission, the country's top economic regulator, to increase coal supplies and regulate, reduce coal prices after snowstorms sweeping across central and southern provinces led to major losses for the thermal power sector.
Chinese ride-hailing giant Didi Chuxing has said it is now focusing on artificial intelligence and smart transportation innovation, as it attempts to expand its booming shared mobility empire into more fields and gain momentum in emerging industries.
Volkswagen AG, which inked a deal with SAIC Motor in 1984 to build one of China's very first joint ventures for cars, repeated history in 2017.
International automotive part suppliers are seeking opportunities to tap into China's fast-growing new energy vehicle market that is currently dominated by local companies.
Carmakers are teaming up with technology companies to prepare for a future dominated by technologies like electrification, connectivity and autonomous driving.
Spring Festival is nigh, and China's film industry people have a spring in their step.
Lan Lulu and her 3-year-old daughter Rongrong were overwhelmed at the live show Disney On Ice at the Capital Stadium in November in Beijing. When the characters of Princess Elsa and Anna of Frozen were skating on the ice, the mother and daughter both stood up and sang Let It Go along with the audience.
Not very long ago, a ticket to the neighborhood cinema in Beijing used to be about 70 yuan ($11) or more. Recently when I checked, it dropped to 26 yuan, same as that of a hamburger.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
