Chinese automaker Zhejiang Geely Holding Group has announced a major partnership to put its first 5G and C-V2X-enabled vehicles into mass production by 2021, as the country's car industry enters the fast lane of intelligent-connected vehicles with the approach of 5G commercialization.
Box office receipts from IMAX screenings soared in China last year, with Chinese films accounting for more than 30 percent of the total proceeds.
The Billund, Denmark-headquartered Lego Group is expected to more than double its current number of stores in China and enter lower-tier cities to reach more children, as its revenue in the Chinese market recorded strong double-digit growth in the 2018 fiscal year, according to figures released on Wednesday.
Guizhou, one of the fastest-growing provinces in Southwest China in terms of GDP growth, is aiming to become a big data hub, welcoming global investors to commercialize their emerging technologies, officials said.
Lixil, a building products maker, recently launched a new research and development facility in Shanghai, allowing the company to cater to its largest potential consumer base - the Asia-Pacific region.
China's fixed asset investment is set to stabilize this year, as mining, middle and high-end manufacturing and other fields are likely to be popular investment targets, according to the country's top economic regulator.
China's central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official said on Tuesday.
More than 60 percent of Chinese bankers highlighted concentrated outbreaks of nonperforming loans as the top risk facing the banking sector, and 52 percent of the bankers said they would pay close attention to risks associated with local government debt, according to a latest survey.
ZTE Corp unveiled its first 5G flagship smartphone at the Mobile World Congress in Barcelona on Monday as the Chinese telecom equipment and smartphone manufacturer seeks to gain a foothold in the 5G battlefield, which is likely to refuel the industry's growth amid its current market saturation.
Global index provider MSCI is likely to approve increasing the weighting of China's A shares in its indexes this week, as the country's capital market reform and opening-up increases the allure of its markets, analysts said.
Massive gas reserves found in the Bohai Sea, the largest discovery in the Bohai Bay Basin in the past 50 years, will further boost China's domestic oil and gas exploration, insiders said.
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Raymond Zhou
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