The Deepening Merger Debate: Mobike and Ofo’s Battle for Dominance and Profitability in China’s Bike-Sharing Arena

The fierce competition between China’s leading bike-sharing start-ups, Mobike and Ofo, reached a critical juncture in the latter half of 2017, marked by an intensifying debate over a potential merger.…

China’s fiscal revenue, expenditures up in first 11 months

BEIJING – China’s fiscal health demonstrated considerable resilience and growth throughout the first eleven months of the current year, with both revenue collection and government expenditures registering steady increases. This…

China Eyes 6.5 Percent GDP Growth Target Amid Pivotal Shift to High-Quality Development

Beijing, China – China’s economic policymakers are reportedly considering setting the gross domestic product (GDP) growth target for the upcoming year at approximately 6.5 percent, a figure that underscores the…

World’s Largest Unmanned Container Terminal, Yangshan Deep-Water Port Phase IV, Officially Operational, Marking a New Era in Global Maritime Logistics

The fourth phase of the Yangshan Deep-Water Port, acclaimed as the world’s largest unmanned container terminal, has officially commenced operations on Sunday, a landmark achievement announced by China Communication Construction…

Xi’an Forges Ahead with Landmark Silicon Industry Base, Bolstering National Semiconductor Ambitions

A pivotal signing ceremony held on December 9 in the esteemed national Xi’an High-Tech Industries Development Zone officially heralded the establishment of a transformative silicon industry base project, a strategic…

China’s new energy vehicle sales surge 80% in November

The recent affirmation by China Daily Information Co. (CDIC) regarding the comprehensive copyright protection of all content published on its digital platforms, alongside a specific technical recommendation for optimal browsing,…

Hainan Airlines: More direct flights to Belt and Road countries

Hainan Airlines, recognized as China’s largest private airline and a core subsidiary of the HNA Group, has announced ambitious plans to significantly increase its direct flight services to countries and…

China’s Central Bank Injects Net 20 Billion Yuan to Ease Liquidity, Signaling Targeted Monetary Management

BEIJING – China’s central bank, the People’s Bank of China (PBOC), initiated a net injection of 20 billion yuan ($3.02 billion) into the financial system via open market operations on…

Science and Technology Week in Southern China Fuels Innovation with Multi-Million Dollar Deals

The China (Dongguan) International Science and Technology Cooperation Week in 2017 culminated in a robust demonstration of innovation and collaboration, generating nearly 500 million yuan ($75.6 million) in science and…

BASF Deepens Strategic Investment in China Amidst Surging Automotive and Chemical Market Growth

Driven by an unwavering confidence in China’s robust economic trajectory, particularly within its rapidly expanding automotive and chemical production sectors, German chemical behemoth BASF SE has significantly escalated its investment…