Investment in the manufacturing and infrastructure sectors is expected to play a key role in stabilizing China’s economic growth in the coming months amid intensified policy support after retail sales and property development showed signs of softening, officials and experts said on Wednesday. They commented after China’s economic recovery slowed in August due to domestic […]
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Digital Transformation To Drive Rapid Growth
A multi speed economic recovery is underway, reflecting the significant variations among countries in containing the coronavirus and acquiring and administering vaccines. But notwithstanding these differences in timing, there will soon be a cascading sequence of rapid recoveries around the world. Sectors that had to shut down because they could not function without unsafe human-to-human […]
Top 10 most valuable private consumer goods firms in China
Hurun Research Institute released China’s top 100 most valuable consumer goods companies on March 23, ranking private companies headquartered in China by market value as of March 9 or by the latest estimated value for unlisted ones. Companies on the list totaled 9.86 trillion yuan ($1.51 trillion), with a value of at least 14 billion […]
When it comes to AI, Beijing is leading the pack
As China’s science and technology innovation center, Beijing is leading in the 17 specific fields of the artificial intelligence industry in China, according to an industrial report published recently by the Beijing Academy of Artificial Intelligence and Tsinghua University. The report says that Beijing has 63 scholars with high influence in the AI industry, ranking […]
Top 6 Chinese firms in Forbes ‘Blockchain 50’
Forbes released its latest Blockchain 50 on Feb 3, with six Chinese companies landing on the list this year. The third annual Blockchain 50 features companies that lead in employing distributed ledger technology and have revenue or a valuation of at least $1 billion, according to the financial magazine. Twenty-one newcomers including the world’s largest […]
China’s furniture exports remain strong
Furniture exports have extended their earlier strong performance, and even rises in the price of raw materials put some pressure on furniture companies in Jiangsu province’s Haian city, which has the largest furniture export base in eastern China. Since early this year, the price of New Zealand pine has risen 40 percent, Liu Chiyong, a […]
Moen’s parent company to expand China presence
Fortune Brands Home & Security Inc, the parent company of Moen – the sanitary ware and smart home services provider — will expand both its online and offline presence across China to further compete with other established rivals in the coming years, said its senior executives. Many opportunities come from the country’s ongoing consumption upgrading […]
Top 10 cities by the market value of listed firms in the Chinese mainland
Beijing ranks first among all the cities in the Chinese mainland in terms of market value of all listed companies, according to a report by Securities Times. With a 27.18 trillion yuan ($4.19 trillion) market value for its 659 listed companies, China’s capital city of Beijing has taken a leading role on the list of […]
BlackRock wins approval to run wealth business in China
BlackRock has received approval to begin operating a wealth management business in mainland China, as the world’s biggest international investors push to access the country’s vast pool of savers. The joint venture, 50.1 percent owned by BlackRock and includes China Construction Bank and Singapore’s state fund Temasek, gained approval from the China Banking and Insurance […]