China is steadily progressing in its overall ability to innovate, a report released last Friday by the Chinese Academy of Science and Technology for Development showed.
When Ren Jianxin, chairman of China National Chemical Corporation, or Chem-China, advocated and launched the first Bluestar Summer Camp in 1990, he might not have expected that the event originally intended for domestic staff members' children would turn into a happy gathering for youngsters from around the world.
To further boost China's economy, the authorities are nurturing the domestic auto industry's expansion in international markets with supportive measures to enhance their competitive edge, according to industry insiders.
International carmakers are investing heavily to localize their research and development operations in China, the world's largest automobile market.
Daimler moved to head off a growing crisis over emissions concerns by voluntarily recalling more than 3 million Mercedes-Benz diesel vehicles in Europe, marking the latest blow to the technology since Volkswagen's cheating scandal erupted nearly two years ago.
In addition to traditional dealerships, potential car buyers now have a new option, as home appliance retailers are making a foray into car sales, based on their nationwide networks.
German premium carmaker Audi, one of the sportiest car brands in the world, has a deep bond with soccer.
With this hot summer continuing to fuel a boom in air conditioner sales, a legal wrangle over air conditioner patents between home appliance leaders Midea and Gree is also heating up.
A higher proportion of patents were used in 2016 compared with a year earlier, but small companies and universities still need to improve their ability to commercialize patents, according to a recent annual report by the State Intellectual Property Office.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
