The first China-Africa Economic and Trade Expo, due to be held later this month in Changsha, capital of Hunan province, will spotlight cooperation in manufacturing, agriculture, infrastructure and emerging sectors such as finance and cross-border e-commerce, the Ministry of Commerce said on Tuesday.
Chinese tech giant Huawei Technologies Co has recently established a smart car solutions business unit, as part of its larger goal of driving a connected and smart future.
China's outside-the-box thinking has rewritten the book on e-commerce in a strikingly short amount of time. Just years after Nov 11 made its entry to the world's retail calendar, another once obscure date is shaping up to make a mark: June 18.
The record for a luncheon with US business magnate Warren Buffett was raised this year to a whopping $4,567,888, and the record holder is 28-year-old Chinese cryptocurrency pioneer Sun Yuchen.
China's trade in services industry is entering a golden stage backed by favorable policies, making the country a compelling destination of choice for global investors, experts said.
While China has stepped up efforts to boost domestic crude oil production and is also trying to replace oil with cleaner alternatives including natural gas, biomass and renewable energy, insiders predict that the country's dependency on foreign crude oil imports will not ease in the short term.
China has seen its installed capacity of clean power sources continue expanding with utilization optimized during the first three months of 2019, according to the National Energy Administration.
China's growth in natural gas consumption is expected to slow in 2019, but it will still be the main driver of the energy consumption increase in the country, according to a recent report.
US business leaders remain bullish about the long-term prospects of the China market, as the country vows to further open up despite headwinds.
As China published a white paper on Sunday denouncing US unilateral and protectionist measures, foreign business and trade experts said that protectionism must be avoided as it is shortsighted and will have an adverse effect on the global economy in the long run.
The Caixin China general manufacturing purchasing managers' index remained unchanged from the previous month at 50.2 in May, which analysts said signals a further marginal improvement in the health of China's manufacturing sector.
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Raymond Zhou
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