Lenovo, the world's biggest producer of personal computers vowed to absorb all of the factory's ex-IBM employees.
China will lift all controls over interest rates in two years to follow up on its top leaders' announcement last November that they will allow the market to play a "decisive role" in the nation's economic development. So pledged Zhou Xiaochuan, governor of the People's Bank of China, the nation's central bank, on Tuesday as he met with the press on the sidelines of the annual session of the National People's Congress.
The Shanghai-listed Industrial Bank and Geneva-based private bank Lombard Odier announced in Shanghai on Tuesday they have established a strategic partnership for private banking.
China is set to fully liberalize its interest rate within one or two years, in a bid to further push forward its ongoing financial reform, the Central Bank governor Zhou Xiaochuan said.
Chengdu, a city in southwestern China, plans to open more international air routes and attract 20 leading global companies this year to make itself more international.
Tensions rose at an IBM factory in Shenzhen as 19 workers were fired on Monday, ostensibly for violating company policies, according to one of the strikers.
Chinese Premier Li Keqiang stressed recently that China would strive to let development and reform benefit all people, voicing the determination of the government to narrow the gap of wealth, establish a more fair and reasonable system of revenue distribution, and achieve common prosperity.
The Guangdong Industry Association of Emergency Management is partnering with the Institute of Industry Technology Guangzhou under the Chinese Academy of Sciences to establish a research center for technological innovations.
It may still be in its infancy in most of Asia, but crowdfunding could generate more than $96 billion from around the world over the next decade - and $50 billion from China alone.
As positive economic factors are likely to emerge in the second half of this year, the 7.5 percent growth target set by the government will be met.
Chinese home appliance maker adds 46.5% increase in net profit to a nearly 20% hike in sales, citing the use of technology to boost the quality of products.
Consumer goods conglomerate acquires majority stake in Nigbo-based Qinyuan Group, China’s biggest water purification firm.
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