The International Monetary Fund has called for "urgent action" by policymakers to tackle rising financial vulnerabilities across the globe, as a loose monetary environment has magnified debt burden and encouraged riskier investments.
Foreign institutions will be allowed to move funds more easily in the interbank bond market, as part of China's latest efforts to push forward capital account opening and make the renminbi more attractive globally, according to monetary authorities.
China has eliminated 95 percent of the 2,000 "zombie companies" in its State-owned enterprise system via bankruptcy closures, mergers and reorganization through a three-year program launched at the end of 2016, a senior State asset regulator said on Thursday.
Walmart Inc's high-end membership store Sam's Club is expected to strengthen its premium membership for Chinese customers, boost one-hour home delivery and plans to have 40-45 outlets opened or under construction by 2022, a top executive of the company said.
Adoption of advanced technologies will increase efficiency and productivity in a fast-changing environment
Companies from Singapore and China will have greater access to each other's markets, especially in services trade, e-commerce and environmental protection areas, after the upgraded China-Singapore Free Trade Agreement took effect on Wednesday.
Major Chinese e-commerce players are betting big on the real estate market and will sell properties during this year's Singles Day shopping spree, in a bid to increase sales revenue, diversify their product portfolio, as well as inject new vitality to the country's housing sector.
The Shanghai Futures Exchange will introduce crude oil options and index futures to meet the growing demand for futures products and tools in China, bourse officials said on Tuesday.
Huawei Technologies Co posted steady revenue growth during the first three quarters of this year on the back of its robust smartphone business, as the tech giant seemed to have shrugged off much of the impact from US restrictions.
A big data center was announced on Wednesday which will be established in the Western Cloud Base in Zhongwei, in Northwest China's Ningxia Hui autonomous region, as the city steps up efforts to further develop its cloud computing industry.
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Raymond Zhou
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Chen Weihua
