Jinri Toutiao, China's top news aggregator app, has pledged to pull in more cash incentives and traffic dividends to reward content curators as it banks on algorithms to shake up the traditional media industry.
China's tax authority made remarkable progress last year in its reform efforts, achieving positive changes in tax system structure, technology and the administrative culture, according to a report jointly issued by the World Bank Group and PwC.
China's Consumer Confidence Index soared to a historical high of 114 points in the third quarter of this year, up two points on a quarterly basis, buoyed by improved job prospects and surging consumption power, a new study said on Tuesday.
China's financial industry will become more competitive in the wake of the government's decision to further open up the sector to foreign competition.
Foreign investors look certain to benefit from China's decision to cut red tape in the financial sector.
Major international banks and insurance companies have welcomed the government's decision to relax regulations in the financial sector.
State-owned enterprises in China saw their profit growth quicken in the first 10 months of this year amid an improving economy and deepening reform, official data showed on Tuesday.
China Railway Rolling Stock Corp, the Chinese manufacturer of locomotives and rolling stock, has split its struggling freight train manufacturing business into two units to reduce competition and eliminate excess capacity, as part of a corporate restructuring.
US fast food giant McDonald's plans to open more than one restaurant every day in China over the next five years to attain its goal of having 4,500 restaurants in the country by 2022, according to a top official.
TuSimple, a Chinese autonomous truck startup which develops technology for autonomous long-distance freight delivery, has raised $55 million in fresh funds to maintain its edge in the autonomous driving sector.
The nation will step up its effort to boost industrial products' quality by upgrading homegrown core components and cultivating globally competitive small and medium-sized companies, officials said on Tuesday.
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Raymond Zhou
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Chen Weihua
