Zhejiang Geely Holding Group will step up its digitalization and electrification efforts as more cars will become electrified, smart mobile terminals connected to the internet, said its chairman Li Shufu on Tuesday. Li, a deputy to the 13th National People's Congress, said studies on digitalization will prove crucial as the 21st century is an era that features technological revolution, industrial evolution and business remodeling.
The People's Bank of China has opened the country's mobile payment market to foreign companies in a move intended to encourage innovation and competition, according to a report in Securities Daily.
The Arctic states could find much-needed funding for infrastructure improvements through China’s Belt and Road. Infrastructure is the foundation for economic development. The Arctic is extremely rich in natural resources, accounting for up to 20 percent of Earth’s reserves, while the area is sparsely populated, with only 4 million inhabitants, and with underdeveloped infrastructure.
China's investment in property development expanded 9.9 percent year-on-year in the first two months of this year, up from 7 percent for 2017, new data showed Wednesday.
China's non-financial outbound direct investment (ODI) maintained double-digit growth in the first two months of the year, official data showed Wednesday. Domestic investors made $16.82 billion of non-financial ODI in 1,429 overseas enterprises in 135 countries and regions for January-February, the Ministry of Commerce (MOC) said.
Chinese Premier Li Keqiang called for joint efforts to advance reform and opening-up, promote innovation, sustain economic growth and improve people's livelihood at the ongoing national legislative session Tuesday.
China became Vietnam's biggest export market in the first two months of this year, the Vietnamese General Statistics Office said on Thursday, noting that the biggest export market in the same period last year was the United States.
China Unicom has teamed up with Alibaba Group to set up a brick-and-mortar electronics store in Shanghai to sell interactive, technology-powered products.