As China's independent refiners, or teapots, see their costs rising thanks to the country's new taxation system and higher crude oil prices, insiders are urging them to shift focus to the high-end market to avoid their margins being further crushed.
Chinese independent refiners, also known as teapots, saw their collective crude oil imports reach 2.72 million barrels per day in January, up 27.7 percent year-on-year, figures from S&P Global Platts reveal.
China's GDP growth is expected to stabilize at 6.2 percent during the first six months of this year, before rebounding in the September-to-December period to reach 6.3 percent whole-year growth, data from the country's leading think tank, the Chinese Academy of Social Sciences (CASS) showed on Monday.
China's leading carmaker BYD launched the world's longest pure electric bus in Shenzhen on Monday, as a precursor to providing comprehensive e-bus production lines in overseas markets.
Market sentiment continued to improve on Monday at the major bourses as a flurry of positive measures announced by the government helped dispel much of the gloom of the last few months.
Foreign capital flows to China are expected to rise from Monday after a portion of the nation's nearly-$13 trillion of onshore bonds were included in a key global index.
As China implements more stringent policies and regulations on the environment, the demand for high-quality iron ore will remain strong in the coming years, which provides companies like Rio Tinto an edge in the country, CEO Jean-Sebastien Jacques said.
In 2013, when he resigned from the prestigious Shanghai East Hospital as director of its vascular surgery department, Zhang Qiang, then 47 years old, was well known for his medical expertise and kindness to patients, earning him the moniker "Doctor Smile".
Although the development of group medical practice faces some problems in China, the government's unwavering efforts to reform the country's healthcare system and robust economic growth will encourage group practices to grow and prosper, an industry insider said.
As reforms in the healthcare sector deepen, Chinese doctors will eventually be able to work independently, said Martin Shen, president of Tencent Trusted Doctors.
Flyers the world over may have been spooked by recent crashes involving new-age jets, but they would do well to realize that a wave of digitalization is set to transform civil aviation, industry experts said.
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