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Policy

 

Sichuan secures projects worth over 400 bln yuan

Sichuan province on Wednesday secured projects worth a total of 435.6 billion yuan (63.3 billion U.S. dollars).

China to fight poverty through tourism

China aims to fight poverty through the development of rural tourism, recreational tourism, and "all-for-one tourism."

CIRC strongly promotes compulsory environmental pollution insurance

The CIRC and Ministry of Environmental Protection will work together to advance the compulsory environmental pollution liability insurance system.

Shanghai issues draft guidance for bike-sharing

Shanghai has launched draft guidance for bike-sharing service providers to better regulate the rapidly expanding sector.

Six million homes to be rebuilt, housing chief says

Six million substandard urban houses will be rebuilt this year, China's housing chief Chen Zhenggao said on Wednesday.

 

Market

 

March 15 Special Report

Here's a glimpse into issues exposed at the annual March 15 evening party.

Chongqing to add 300,000 high-skilled workers by 2020

The Chongqing Municipality is planning to add 300,000 high-skilled workers by 2020, according to a government plan recently released by the city.

Chinese central bank lifts open market operation tool interest rates

China's central bank lifted interest rates of two open market operation tools Thursday after US Fed's rate hike.

PBOC says higher open market rates not interest rate hike

China's central bank said Thursday that higher interest rates for open market operations, which were market-based, were not interest rate hikes. 

Chinese visitors drive record tourism growth in Australia

Chinese tourists have helped drive up Australia's visitor expenditure figures, while the number of Chinese who visited Australia grew almost 20 percent to more than 1.1 million in 2016.

 

Companies


BYD builds new firm for lithium resource mining in Salt Lake

BYD set up a new entity together with Qinghai Salk Lake Industry Group Co., Ltd. and a Shenzhen-based investment company for lithium resource mining in Salt Lake in Qinghai Province.

CRRC breaks ground on manufacturing facility in Chicago

China Railway Rolling Stock Corporation (CRRC) Qingdao Sifang Co Ltd held a ground-breaking ceremony of its manufacturing facility on the South Side of Chicago, the United States on Thursday.

CSD Water Service raises 253 mln yuan on Shanghai Stock Exchange

Beijing based CSD Water Service, backed by Qiming Venture Partners and GGV Capital, completed an initial public offering on Shanghai Stock Exchange Tuesday, raising a total of 253 million yuan.

iFLYTEK, Changan to establish joint lab

iFLYTEK and Changan Automobile will set up a joint lab with a focus on smart voice, AI big data analysis, and connected car platforms, according to an agreement signed in Chongqing on Tuesday. 

UnionPay issues first-ever premium card in Africa

UnionPay International has on Monday cooperated with Mauritius' ABC Banking Corporation to issue UnionPay Diamond Credit Card, the first UnionPay premium card ever issued in Africa.

Ford appoints vice president for strategy, Asia Pacific

Ford Motor Company appointed Tuesday Stephen Dyer as the vice president for strategy, Asia Pacific, aiming to transform itself into a company of automobile manufacturing and mobile travel.

Chinese fund injects $100 mln into home-sharing Airbnb

China's sovereign wealth fund, China Investment Corporation (CIC), subscribed to roughly 10% of a 1 billion U.S. dollars funding round disclosed by Airbnb in a filing with U.S. securities regulators.

Boeing China plant to open, first airplane delivery expected in 2018

Boeing's 737 completion plant in Zhoushan, Southeast China's Zhejiang province will start its construction at end of March, according to Xinhua Report.

UCAR, China's car service provider, received $667 mln funding

UCAR, a chauffeured car service provider in China, announced to have received 667 million U.S. dollars funding from China UnionPay and other three investors via a private share placement deal.

 

Investment

AI market size to surpass 39 bln yuan in 2018

It is estimated that the AI market size in 2018 will reach 38.1 billion yuan (5.53 billion U.S. dollars).

Virscend Education invests in Babycare, education service provider for toddlers

Virscend Education, a Hong Kong listed enterprise engaging in education services, invested in Babycare.cn, an education service provider for children aged zero to six years.

Sequoia China, CMC set up sports investment fund

Sequoia China and China Media Capital (CMC) announced on Monday to set up a special sports fund to invest in global premium sports projects.

Chinese investment in overseas real estate reaches $33 bln in 2016

Chinese investment in overseas real estate last year rose to 33 billion U.S. dollars in 2016.

Maiden flight of China's amphibious aircraft expected in 2017

The AG600 amphibious aircraft is expected to take its maiden flight over land in the first half 2017 and on water in the second half, said its developer, the AVIC.

Chinese companies' service outsourcing contracts record high

Despite anemic global trade and investment growth momentum last year, combined contracts of China's service outsourcing industry surpassed 1 trillion yuan for the first time.

 

Chengdu Opening-up


Why a German and a Chinese brought a Startup Grind chapter to Chengdu

Seeing Chengdu's stirring entrepreneurship environment, a German and a Chinese decided to introduce Startup Grind in the city to connect entrepreneurs through inspiring talks with industry leaders. 

CTU-LAX direct flight inaugurated

The non-stop flight between China's southwestern Chengdu city and Los Angeles, operated by Hainan airlines, was inaugurated on Wednesday.

Thailand 4.0, opportunities that cannot afford to miss

Seminar on Investment Opportunity in Thailand was successfully held in Chengdu on March 14, bringing together hundreds of entrepreneurs from Sichuan and many others beyond as well.

Chengdu-Europe Express Rail contributes to Lodz's revitalization

The opening of the Chengdu-Europe Express Rail helps boost the economic development of Lodz, Poland and improve relations between the city and Chengdu.

 

Email: lijia@nbd.com.cn

Editor: Li Jia