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October, 23, 2016

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Nation gains top spot in iOS app market
China has surpassed the United States to become the world's largest iOS app market in the third quarter, according to a report released on Thursday by App Annie, a US-based mobile analytics company.
China-Russia Internet Media Forum will be held in Tianhe district, Guangzhou, capital of South China's Guangdong province between Oct 28 and Oct 29, 2016.
Steel, coal sectors cutting capacity
China has so far achieved more than 80 percent of its capacity reduction goal for this year in the steel and coal industries, the Ministry of Industry and Information Technology revealed on Thursday.
AI to spur R&D in service robot industry
Some voices in the industry reckoned that thanks to developments in the internet around the world, the R&D growth rate of AI robots will be faster than people's expectations, and we will witness a boom in the industry similar to the rise of the smartphone sector, in a very short period.
US chip giant Qualcomm Inc has set up an innovation center in Shenzhen, southern Guangdong province, in a move to deepen its business in the Chinese market by taking advantage of the country's innovation drive.
LeEco shows muscle in US market
Chinese internet giant LeEco launched several new products in San Francisco on Wednesday, marking its expansion into the US market.
The volume and value of outbound mergers and acquisitions by Chinese mainland companies hit a record in the first three quarters of 2016, a report of PricewaterhouseCoopers showed on Thursday.
Consumption growth called key
Consumption is the major economic driver, showing the nation's success in rebalancing the economy, but more efforts are needed to sustain growth, with heightened pressure in sectors with overcapacity, economists said.
Real estate faces uncertainty, experts say
Although China's GDP grew by 6.7 percent in the third quarter, and many macroeconomic indicators in the quarter showed better-than-expected signs despite a global economic downturn, the country's economy still faces great challenges, especially in the real estate sector, economists said.
Smartphone vendor sets sights on move to snap up biggest slice of nation's lucrative and huge market
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