Chinese mortgage loans will become one of the most expensive types of commercial bank lending from next month, and it will be difficult for house buyers to get discounts on the borrowing cost, due to the new interest rate calculation method set by the central bank, analysts said.
Artificial intelligence major Megvii Technology Ltd, backed by Alibaba Group, has filed for an initial public offering, making it the first Chinese mainland AI company to go public in Hong Kong.
Central China's Henan province is beefing up efforts to promote industrial restructuring and upgrading, develop advanced manufacturing and foster strategic emerging industries, as part of its broader drive to realize high-quality development.
An airfield complex is taking shape in Shanghai-centered Yangtze River Delta region after Suzhou, a city 100 kilometer west of Shanghai, said it had completed preparations of building its first airport.
Shenzhen is exploring a mechanism of introducing and transforming more international commercial rules in the Qianhai Special Zone, a recently released three-year action plan for of Qianhai's legislation development said.
Slowdown - what slowdown? That might well be the stance of foreign companies operating in China, if asked about the implications of slowing economic growth for the future of their businesses in the country, and the attendant concerns about it.
After a multiyear survival mode, gold companies are finally enjoying a growth cycle in the market. Shandong Gold Group has embraced the opportunity and is boosting its development by setting up an office in Toronto, dubbed the world's mining capital.
China's efforts to embrace an era of innovation-led growth have prompted global companies to become more flexible and adept with their new business requirements and approach to remain competitive in the country.
Every time they tour China, executives of MNCs in the retail sector tell me they are amazed by the vast spread of markets across the country, and why they can't stop thinking on how to ensure their products or services reach every nook and cranny of the country.
Immediately after the US announced that it was raising tariffs on an additional $300 billion worth of Chinese products on Aug 1, the US stock market tanked. By Aug 5, the Dow Jones Industrial Average had fallen 3.3 percent and the S&P 500 index had fallen 3.7 percent.
The People's Bank of China, the Chinese central bank, started an interest rate reform on Aug 20, which we regard as a pragmatic start to unifying the "dual tracks" of interest rates - one for rates in the money market and the other for lending rates.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
