The explosive growth of e-commerce and consumers' buying power in China has pushed up demand for label solutions, and made the country the second biggest contributor to Avery Dennison's global business, said a senior executive of the US-based corporation.
The government should offer both guidance and liberty to enterprises involved in the nation's sharing economy sector, letting the market play a dominant role, an official said during a seminar held on Thursday.
China can keep up with the United States and the United Kingdom in the race to produce the leading artificial intelligence of the future, according to venture capitalist and former Microsoft executive Zhang Hongjiang.
Senior Chinese and US officials are talking in Beijing to try and defuse the tensions that have been threatening to drag the world's two largest economies into a trade war. Which shows how little either side would welcome that scenario.
The United States is checking reports that three US detainees the previous administration tried hard to bring home, have been relocated from a labor camp to a hotel in Pyongyang, seemingly ready for release. This would suggest the planned summit between Democratic People's Republic of Korea leader Kim Jong-un and US President Donald Trump is proceeding smoothly.
FOUR SECOND-TIER CITIES in the central and western parts of China are seeking to attract workers, and this has raised the question of whether there is a labor shortage in the country. Beijing News commented on Thursday:
BECAUSE OF A GARLIC GLUT, farmers in Ninglang and Yongsheng, two poverty-stricken counties in Southwest China's Yunnan province, complained they had 5,000 tons of garlic they were unable to sell. On hearing the news, some e-commerce companies took the initiative to help the farmers sell their garlic online. Beijing Youth Daily comments:
AT THE RECENT China International Technology Fair, held in Shanghai from April 19 to 21, many medical enterprises exhibited robots for medical service purposes. Beijing News comments:
Chinese direct investment in the US before the global financial crisis was relatively small. For example, China's total direct investment in the US was only $585 million in 2007. Since many companies in the United States and the European Union faced serious financial difficulties because of the global financial crisis that broke out in 2008, Washington and Brussels started welcoming Chinese direct investment to emerge out of financial trouble.
The US' Section 301 investigation report claims China exerts pressure on foreign companies through shareholding restrictions and administrative licensing procedures to transfer US technologies to China. But decades of China's joint ventures and cooperation with multinational corporations in the machinery manufacturing sector show the claim is untenable, as Beijing has never forced foreign companies to transfer their technologies.