Editor's Note: The Government Work Report released on March 5 has charted a course for China's economic development for this year.
China's fresh fiscal data indicated a broader funding gap faced by the government, driving the authorities to explore new channels and maintain a balanced budget, said analysts.
As the government has been stepping up efforts to develop the country's hydrogen industry, with the development of hydrogen stations for new energy vehicles being included in the Government Work Report, many domestic companies have been actively pushing forward their hydrogen industry layout.
The Inner Mongolia Yili Industrial Group is expected to acquire a 100 percent stake in New Zealand's second largest dairy producer - Westland Cooperative Dairy Company Ltd - for about $168.95 million to secure quality and stable supply of raw milk.
Half of Chinese luxury spending will take place in China rather than traditional overseas locations by 2025, according to global consultancy Bain& Co.
SHANGHAI - Living alone and working hard in Shanghai, Wang Qian used to buy a dozen self-heating instant hotpots every month, but is now more cautious about them.
Editor's Note: The Government Work Report released on March 5 has charted a course for China's economic development for this year. By setting fairly robust growth targets, the country is set to be the locomotive pulling the world economy amid global economic headwinds. A number of pro-growth efforts have been unveiled to spur innovation and continue opening-up. The country has also released the Foreign Investment Law to better protect the rights of foreign businesses in China. China Daily polled senior executives from multinational corporations to understand their positioning, perception and predictions of the Chinese market.
Five premium automotive brands have cut the prices of their models sold in China after the nation announced that it will reduce the value-added tax by 3 percentage points in the manufacturing sector starting from April.
As leading global ratings agencies enter the Chinese financial sector with vigorous strides, local peers may feel pressure to maintain market shares. But the catchup strategy needs to begin with them getting their own house in order, according to analysts.
Steinway & Sons, the prestigious piano maker, expects its business in China to grow massively in the years to come as the Chinese market accounted for a fifth of its global sales last year, said the company's chief financial officer.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
