A growing number of Chinese internet users are willing to pay for digital content, with a rising need for high-quality products, video content and better user experiences brought about by new technologies, a report said on Tuesday.
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.
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.
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.
An increasing number of Chinese smartphone vendors are marching into the chip sector, after realizing the importance of in-house research and development capabilities for the semiconductor sector.
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.
BEIJING－Earlier this month, China's State Council released a guideline detailing 20 policies to create a more "fair, transparent and predictable" business environment for foreign investors in the country's latest opening-up push.
Ningbo, a port city in East China's Zhejiang province, has been harnessing opportunities from advanced technologies and globalization to transform and upgrade its traditional sectors, bolstering the city's high-quality development.
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.
BEIJING－The steel sector might not be a good investment target at first glance given its price swings and the campaign to cut overcapacity, but some financial institutions are hoping to strike gold in the middle of the market's upgrading.
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.
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.
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