The Port of Shanghai, the world's largest port by TEU (twenty-feet equivalent unit) volume has announced it will cooperate with the Port of Ningbo, the world's largest port by cargo turnover, in the development, operation and management of the northern part of Xiao Yangshan port area, which could significantly boost the efficiency of cargo transit on the Yangtze River and lower costs.
As the water diversion project is in full swing in Xiongan, North China's Hebei province, Li Qingshan, who is responsible for the project, makes no secret of his pride.
A recent study identified the world's most dynamic cities - those with the most socioeconomic and real estate market change - and Chinese cities claimed nine of the top 20 positions.
Editor's Note: The Third Plenary Session of the 18th CPC Central Committee held in November 2013 decided to comprehensively deepen the country's reform and opening-up. China Daily is interviewing top executives of well-known multinational companies for their views on the country's socioeconomic development during the past five years.
How has the ongoing supply-side reform changed the nation's economic growth and your company's business in China?
China's central bank launched its first swap program on Wednesday to transform 1.5 billion yuan ($223 million) of perpetual bonds into central bank bills, a measure to support recapitalization for commercial banks and cushion risks, according to an official statement.
Chinese e-commerce giant JD will lay off 10 percent of its senior executives above vice-president level this year, as the company looks to maximize its resources, as well as enhance its corporate governance.
Xiaomi Corp is intensifying its efforts in the premium segment, as it works hard to introduce high-end components and engineering techniques to its latest smartphone models in order to rival players such as Huawei Technologies Co Ltd.
Technology duo Alibaba and Tencent continued their investment momentum in the new year as the deep-pocketed pair continue to seek new opportunities beyond their home turf.
Cheng Minggui, a retired State-owned enterprise worker from Huangshan, Anhui province, is showcasing to the family his "friend", who accompanied him and his wife during their five-nation trip across Europe this Spring Festival.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
