China on Tuesday released a policy guideline to boost the development of virtual reality (VR) technologies, offering a wide range of policy support and aiming to master core technologies by 2025.
In face of mass layoffs in Chinese internet companies and talk of a negative job market in 2019, economists said as long as more supportive policies are rolled out in a timely manner, China's employment will be stable despite downward economic pressure.
The ongoing trade war between China and the US may be the biggest external risk for the Chinese economy in 2019, but it could also help the country further deepen reform and opening-up, analysts said on Tuesday.
The National Development and Reform Commission, the country's top economic planning agency, said on Tuesday that it has approved a high-speed railway (HSR) project in Northwest China's Shaanxi Province that will have total investment of 55.16 billion yuan ($8.01 billion).
Chinese battery producer GEM Co will supply 170,000 tons of raw materials to South Korean battery maker ECOPRO Co from 2019 to 2023, its latest effort to win a bigger share of the booming power cell market.
The rise in sales of men's underwear in Northeast China's Liaoning Province has indicated the economic recovery of the province, and the region needs to strive to develop its new industries to keep up the momentum, said an expert.
China will not resort to a “flood-like” stimulus in monetary policy next year, although it will consider more cuts as needed to reserves held at commercial banks, media reports said on Tuesday, citing a central bank adviser.
A high-speed railway line officially went into operation on Tuesday, linking cities in China's northernmost province of Heilongjiang, where the temperatures can dip as low as minus 40 degrees Celsius.
A shale gas base of PetroChina, which is located in south of Southwest China's Sichuan Province, has become the biggest production base for shale gas in China, with a daily production of 20.11 million cubic meters, the Xinhua News Agency reported on Tuesday.
Chinese telecoms equipment provider Huawei Technologies will not give up the pursuit of 5G advances despite facing external pressure, Chairman Liang Hua told a press conference on Tuesday.
Workers dressed in local costume to celebrate the opening of high-speed bullet train linking Hangzhou, capital of East China's Zhejiang Province with Huangshan, a city in East China's Anhui Province on Tuesday. Tickets for the route, which is dubbed as the “golden travel line,” went on sale on Monday. Photo: IC
China's internet finance industry, where chaos broke out in mid-2018, has recovered a little bit so far but it is still far from a genuine rebound.
China stocks fell over 2 percent on Tuesday morning but recovered much of the losses by the close, aided by a late rebound in financial shares.
Citic Securities Co, one of China's largest full-service investment banks, announced the plan to take over Guangzhou Securities on Monday. An expert said that the takeover is just the beginning of a consolidation trend in the industry.
The dollar fell to four-month lows against the yen on Tuesday as investors cut exposure to riskier assets after Washington struggled with a partial government shutdown and open confrontation between the White House and the central bank.
China's southern marine economic zone including the South China Sea has outgrown the north and east marine economic zones in gross ocean product, reaching 3 trillion yuan ($440 billion ) in 2017, an increase of more than 80 percent since 2012.
China has released a new negative list for market entry for 2018 on Tuesday, which contains 151 items that companies are banned from accessing or need to acquire a license beforehand, marking the first time China introduced the negative list to a nationwide level
Chinese experts said the trade friction between China and the US helps China to deepen reforms objectively, although the US wants to limit China's development.