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Culture is vital for the Belt and Road Initiative, Li Tao, a veteran in the internet industry and CEO of mobile internet startup APUS, said suggesting internet companies pay more attention to this when exploring foreign markets.
 
Reorganization, mergers gather pace in coal sector
Mergers and reorganization of China's central coal enterprises are speeding up, amid the government's effort to promote industry concentration and deepen supply-side structural reform.
 
Commercial Aircraft Corp of China Ltd, the Shanghai-based State-owned passenger plane manufacturer, said on Thursday that it plans to establish a multibillion yuan fund this year to support further research and development of aircraft components and related supply companies.
 
Earthquake kills eight, injures 23 in western Xinjiang: reports
An earthquake rocked China's western Xinjiang region on Thursday, killing eight people and injuring another 23 as more than 1,500 homes crumbled, state media reported.
 
China's auto sales shrank in April as demand for most types of vehicles wilted, an industry group said Thursday.
 
Li keeps China's focus on cutting excess capacity
China will continue retiring substandard production capacity-especially in steel and iron, coal mining and coal-fired power plants-to keep up with targets set for the year.
 
Belt and Road to tap local currencies, says PBOC's deputy governor
Belt and Road projects are encouraged to use local currencies in investment and finance to cut problems associated with exchange rate fluctuations, said Yi Gang, deputy governor of the People's Bank of China (PBOC).
 
Alibaba's next online stop: the whole world
For Carine Danblier, 51, a Belgian housewife based in Brussels, shopping on Chinese online marketplace AliExpress has proved to be nothing short of a treasure hunt.
 
Ali ecosystem takes shape in SEA
Internet giant Alibaba is creating an offline-and-online ecosystem of sorts in Southeast Asia to reduce reliance on home market China as well as to grow globally.
 
The number of convenience stores in China is approaching 100,000, generating more than 130 billion yuan ($18.8 billion) in sales in 2016.
 
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