China's private companies have taken the lead over State-owned enterprises in the country's surging outbound investment for the first time, a government report said on Thursday.
National GeneBank, the country's first national gene bank, was officially put into use on Thursday. The complex is expected to offer strong support to the development of the genetics industry.
State Administration of Foreign Exchange （SAFE）supports Chinese enterprises' "real and reasonable" overseas mergers and acquisitions, said a senior official of SAFE during the administration's news briefing on Thursday.
Chinese authorities on Thursday announced the conditional lifting of a 13-year import ban on some US boneless beef and beef on the bone.
Online search giant Baidu Inc is set to lose its top spot in the nation's booming digital advertising market this year to its rival Alibaba Group Holding Ltd, according to a report from London-based market research firm eMarketer.
An analysis by international accounting firm PricewaterhouseCoopers (PwC) of 30 A and H-share listed banks found that the Chinese banking sector was in urgent need of new sources of growth－as the sector confronts slower profit growth, shrinking interest margins and rising nonperforming loans.
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world's second-largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.
Sino-German Media Co Ltd, a TV production joint venture, said it hopes to produce more programs about Chinese culture at its production center in Tianjin to show to viewers in Germany.
With environmental issues looming high on policymakers' agendas, China is grabbing the lion's share of global green funding, demonstrating the country's potential as the game changer for the green bond market.
Banks in northern China's Shanxi province are actively implementing credit policies designed for the business circumstances of each individual coal mining company－to help drive an aggressive transformation and upgrading of the sector.