National Bureau of Statistics figures show that besides Beijing, Shanghai, Guangzhou and Shenzhen, eight smaller metropolises stepped into China's 1-trillion-yuan (8 billion) GDP club in 2016. They include Chongqing, Chengdu, Wuhan, Suzhou and Hangzhou.
New business models and self-employment ventures will drive China's ongoing efforts to boost consumption and create more jobs, the nation's top economic regulator said on Wednesday.
Nansha attracted an actual foreign investment of .04 billion in 2017, 16 times more than the amount in 2002 and accounting for a sixth of the city's total.
Neil Wang, president of consulting firm Frost & Sullivan in China, said Tencent's approach on the face of it seems to be at odds with the company's business interests. But, in fact, the space initiative is consistent with the company's long-term development strategy and will help promote its business by establishing a good social image, Wang said.
Nanjing-based Suning.com is expected to become one of the top five grocery retailers in China after it announced a deal to take a controlling stake in French supermarket giant Carrefour's business in China at a lower-than-expected price.
New economy covers a wide range of enterprises operating in unconventional industries and services.
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New high-tech industries will not only produce higher-quality products demanded by China's growing middle-income group. The shift toward investment in environmental protection could also allow many Chinese companies to gain a first-mover advantage in many innovative products that will be needed to improve the environment worldwide. For example, China's sales of electric vehicles are about the same as the rest of the world combined and two-thirds of the world's solar panels are produced in China.
Necessary reform to the World Trade Organization must be based on the principle of nondiscrimination and oppose protectionism and unilateralism, said a Chinese senior trade official.
New business models refer to efficient business operation models with unique competitiveness and a goal to help users realize their value and maintain sustainable profits.
Nearly 94 percent of Chinese juveniles - children under age 18 - had access to the internet as of July, while more than 30 percent of them had been exposed to information concerning gambling and drug abuse, a report by the China Communist Youth League and China Internet Network Information Center said on Tuesday.