Huawei Technologies Co said on Thursday that it aims to grow the revenue of its consumer business group, which chiefly includes smartphones and personal computers, to $100 billion in three years and to $150 billion in five years.
Chinese smartphone vendor Oppo is making a strong push into Europe by announcing that its 5G smartphone will enter the Swiss market as early as next month.
Bank of China Ltd completed the issuance of Belt and Road Initiative themed, $3.8 billion equivalent multi-currency bonds on Thursday to raise low-cost funding for medium and long-term projects related to the initiative.
State Grid Corp of China, which runs the majority of China's electricity distribution networks, said its clean power generation installed capacity has reached 550 million kilowatts, 73 percent of the nation's total capacity of 700 million kilowatts.
Everyone in the United States empathizes with the sort-of joke from comedienne Lily Tomlin - "We don't care. We don't have to. We're the phone company!"
Shanghai-based China Eastern Airlines has confirmed that it had raised its demand for claims with Boeing after two Boeing 737 MAX aircraft crashes, adding that its final demand will be in line with that of the aviation administration because more than one carrier in China is using the model.
China's banking and insurance regulators at the local level are encouraging banks to count loans overdue by 60 days or more as nonperforming loans, with the aim of better disclosing the risk situation of the banking sector and urging banks to further improve asset quality.
Chinese PC maker Lenovo will push ahead its new strategy in three areas of smart technology - smart IoT, smart infrastructure and smart verticals, the company's CEO announced at the company's annual kickoff meeting in Raleigh, North Carolina, on Tuesday.
Beijing will open its financial sector wider to the world in three years, as the city undertakes a major push to deepen reform and opening-up in the service industry, a vice-mayor said on Wednesday.
China's massiveness and complexity mean that the term "Chinese consumer" is insufficient by default. If you are ever familiar with the "silo" system categorizing different Chinese cities, people's tastes and spending power may vary, from tier-one to tier-four, categorically.
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Raymond Zhou
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