New energy vehicles are expected to account for 25 percent of the total car sales in China by 2025, up from the 20 percent estimated in 2017, an indication that the country is even more committed to making steady progress in the burgeoning sector.
The latest regulation on net capital management of commercial banks' wealth management subsidiaries encourages the subsidiaries to invest in standard and high-grade assets, operate in a prudent manner, and avoid expanding business blindly, analysts said.
Huawei Technologies Co Ltd is planning to shift its research center to Canada from the United States, as the Chinese tech giant readjusts its business layout amid restrictions from Washington.
Beijing will further open its services market to foreign investors in several industries including tourism, internet access services and non-profit nursing institutions for the aged, as well as audio and video products, a senior official said on Tuesday.
In early November, Guillaume Faury, CEO of European aircraft manufacturer Airbus, spent a busy week in China. He attended the second China International Import Expo in Shanghai, and also President Xi Jinping's meeting with French President Emmanuel Macron in Beijing, before spending more time with customers.
Pieter Elbers, CEO of KLM Royal Dutch Airlines, said it has been a privilege to work for the carrier for 27 years and it is wonderful that the airline connects people across the globe.
China will not resort to competitive measures like zero interest rate or quantitative easing, but would instead maintain its conventional monetary policies over the long term and ensure currency stability, a top monetary official said.
Regulators are set to promote the normalization of initial public offerings in the A-share market for a more sustained development of the Chinese capital market, according to the China Securities Regulatory Commission.
Oil and gas giant China Petrochemical Corp, or Sinopec, has completed the re-gasification capacity expansion work for the second-phase of its liquefied natural gas receiving terminal in Tianjin, marking a step closer in the completion of the country's largestto-be LNG terminal.
China is making a big push to build the world's largest IPv6, or internet protocol version 6, network, which according to the top industry regulator will pave the way for a sound digital infrastructure to integrate the real and virtual economies.
WASHINGTON - The holiday shopping season is traditionally considered a time full of joy and cheer for both US retailers and consumers. But as this year's holiday shopping season kicked off on Thanksgiving, the mood is a bit mixed.
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