China is pressing ahead with a project to test a deep-sea manned submersible capable of diving to 11,000 meters as it aims to set up a deep-water laboratory to conduct marine scientific research.
Arecurring theme in the annual Government Work Report, the latest edition of which Premier Li Keqiang presented to the National People's Congress on March 5, has been the promotion of high-end manufacturing and the Belt and Road Initiative, as well as helping Chinese companies to globalize their equipment and technologies.
Premium sedans manufactured at the Volvo Cars Daqing plant in northeastern China's Heilongjiang province, are expected to start selling abroad in May, a senior company executive says.
Shandong, a coastal province in eastern China, saw the most rapid increase in foreign trade of all provinces in the country last year, in contrast with decelerating economic growth worldwide.
Thirty-one Shandong-based companies and brands were highlighted in this year's provincial government work report announced in February, as the government is carrying out a strategy to build a number of internationally in fluential brands.
China's eastern coastal province of Shandong has achieved major progress in absorbing foreign investments in recent years, especially from Fortune Global 500 companies, thanks to both its strengthened cooperation with foreign multinationals and efforts to improve the local business environment.
The Beijing municipal government strengthened policies against the speculative buying of residential apartments on Friday to stabilize the housing market, including increasing the down-payment requirements for buyers of a second home from 50 percent to 60 percent of the full price.
Taiwan-based smartphone company HTC Corp announced that it will sell its land and plant in Shanghai for 630 million yuan ($91.5 million), in a strategic move to fund expansion of its fledgling virtual reality business.
Chinese railcar manufacturer CRRC Sifang America broke ground on Thursday in Chicago at a $100 million plant that will build railcars for the city's transit authority and become the company's North American hub for the assembly of railcars.
What business opportunities do you see as China pushes the Belt and Road Initiative? Have you participated or do you plan to participate in any projects under the initiative? How do you think infrastructure investment can contribute to global growth?
Train and rail equipment manufacturer China Railway Rolling Stock Corp made a major breakthrough in export volumes, quality, sales models, business cooperation and integration in overseas markets in 2016, according to one of its top executives.
Manufacturers should make more of an effort to master core technologies in key sectors and improve their R&D capabilities - while introducing advanced technologies and equipment from abroad - analysts said on Thursday, in response to Premier Li Keqiang's comments this week on the Made in China 2025 initiative.
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