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December, 11, 2016

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China
Small city aspires to drive China's economy
Zhuzhou, a small city (population: 4.05 million) in central China's Hunan province, has an ambition to emerge as the "engine" of China's growth. It's not an unrealistic ambition or a fantasy, considering that local railway industry's output exceeded 100.37 billion yuan ($14.55 billion) last year.
 
The average number of information security incidents detected by Chinese companies has increased over 900 percent since 2014, according to a survey conducted by international accounting firm PricewaterhouseCoopers (PwC).
 
China's economy will grow at 6.7 percent this year, but will edge down to 6.4 percent and 6.1 percent in 2017 and 2018 respectively, the Paris-based Organization for Economic Co-operation and Development (OECD) said on Monday in its latest Economic Outlook, which is published twice each year.
 
OnePlus launches flagship 3T with eye on foreign markets
Shenzhen-based smartphone startup OnePlus unveiled its new flagship phone - 3T - on Tuesday in Beijing.
 
Lucy Peng Lei, chairwoman of Ant Financial Services Group, the financial affiliate of Alibaba Group Holding Ltd, apologized on Monday after a new product called "Circles" sparked controversy among Chinese netizens.
 
German firms hopeful on Made in China 2025
German companies in China believe the Made in China 2025 strategy will generate benefits for their operations in the country over the next five years, the German Chamber of Commerce in China said on Tuesday.
 
Investments overseas get closer look
China will tighten screening of overseas investment projects amid growing concern about capital outflows and acquisition risks, officials said on Monday.
 
CRRC on track to take over Czech firm
China Railway Rolling Stock Corp, the country's largest railway vehicle and equipment manufacturer, is in takeover talks with Czech Republic's Skoda Transportation AS, a move to further increase its market share in Europe's railway markets.
 
The central parity rate of the yuan against the US dollar strengthened on Monday after Yi Gang, vice-governor of the central bank, said on Sunday that the currency remained strong and stable in the global monetary system.
 
Baidu maps out global expansion
Baidu Map, a desktop and mobile map service provided by China's online search giant Baidu Inc, is set to become a world mapping service provider covering more than 150 countries and regions.
 
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