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May, 28, 2016

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China > Business
Supply-side reform 'needs a big push'
President Xi Jinping urged on Monday to "resolutely push forward supply-side structural reform" as the world's second-largest economy still faces strong headwinds, reflected by its easing economic indicators for April.
 
Tech company LeEco enters China's property industry
Chinese tech company Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, has invested nearly 3 billion yuan ($460.2 million) to tap the domestic property sector.
 
Alibaba to expand its ticketing operation beyond movies
Alibaba Pictures Group Ltd is to expand its online movie-ticketing business into a wider marketing platform, as the Hong Kong-listed company continues its ambitious foray into the entertainment sector.
 
CEO says Apple to help China's apps go global
US tech giant Apple Inc will further speed up efforts to help Chinese-developed mobile applications go global, as local developers reportedly raked in earnings exceeding $7 billion from the company's App Store.
 
China is mulling to lower the threshold for cities applying for urban rail transport construction, a move that analysts say may draw more than one trillion yuan investment while bolstering the ailing economic growth.
 
Baidu, Wuhu city sign deal to test driverless cars in pilot zone
The Chinese tech giant Baidu Inc and Wuhu city of East China's Anhui province signed an agreement on Monday to jointly build an exclusive pilot area for driverless vehicles in the city.
 
Tim Cook visits Apple store in Beijing, with Didi president
Tim Cook, CEO of Apple Inc, is in China again. His eighth visit to Beijing since taking over the helm of Apple in 2011 highlights how important the world's largest mobile arena is to the United States tech giant.
 
Tourism investment up 42% to $154.3 billion last year
China's tourism sector saw 1.01 trillion yuan ($154.3 billion) in investment last year, up 42 percent from a year earlier, according to a report released by China National Tourism Administration on Sunday.
 
China bullet train in Venezuela stalls as pact derails
It was once billed as a model of socialist fraternity: South America's first high-speed train, powered by Chinese technology, crisscrossing Venezuela to bring development to its backwater plains. Now all but abandoned, it has become a symbol of economic collapse -- and a strategic relationship gone adrift.
 
Chinese consortium prepares for Singapore-Malaysia rail bidding
A Chinese consortium is preparing to bid for the high-speed project linking Malaysia's Capital Kuala Lumpur and Singapore, a source with China Communications Construction Group said on Friday.
 
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