Policymakers and bankers are seeing huge market potential for the energy conservation and environmental protection industry, an emerging industry in China.
The development of the Chinese photovoltaic power industry will not be restricted by industrial policies launched by other countries, as the cost of photovoltaic power generation has dropped significantly and the industry no longer relies heavily on subsidies, said an industry insider.
Apart from offering project loans and working capital loans, commercial banks are stepping up support for green companies and projects that are engaged in energy conservation and environmental protection through bond issuance and innovative financial products.
China is accelerating local government bond issuance, which is expected to hit a record high of the year in June, in an effort to stabilize economic growth and market expectations.
Trade volume between China and Japan is expected to see double-digit growth this year, and their business ties will continue to expand in the service and financial areas, said a leading economist.
Nanjing-based Suning.com is expected to become one of the top five grocery retailers in China after it announced a deal to take a controlling stake in French supermarket giant Carrefour's business in China at a lower-than-expected price.
China's booming esports industry is kicking into high gear, with hundreds of millions of players and viewers actively participating in numerous local tournaments.
The building of smart cities will increase the demand for infrastructure including the commercial application of 5G and bring value to cities, with experts saying the progress should be led by market innovation rather than by the government.
China's vacation rental and homestay market, which clocked sales of 19.1 billion yuan ($2.8 billion) in 2018, is expected to surge this year, thanks to the wanderlust of fast-growing middle-and high-income groups, supportive policies, and increasing popularity of homestays.
Sophie Liu, one of my friends who works as a primary school English teacher in Beijing, booked a 50-square-meter apartment through Airbnb, a US-based vacation rental service provider, to celebrate her special birthday last year.
ToJoy, a startup accelerator, expects to set up offices across Europe and Asia to help more new Chinese enterprises to go global by connecting them with a vast network of investors.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
