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Online retail sales of China's farm produce are estimated at 220 billion yuan ($32 billion) in 2016, up over 46 percent over the previous year, the Ministry of Agriculture said. The latest figures from Aliresearch showed that there were 1,311 Taobao villages across China, and over 840,000 jobs were
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Pengpai S1, the fingernail-sized chip, cost Xiaomi over 1 billion yuan ($145 million) in research and development. “Chip is the apex level of cellphone technology. To become a great company, Xiaomi must master the core technology,” Lei Jun, founder and CEO of Xiaomi said on the release conference.
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At the end of last year, the Chinese State Council released a guideline on widening the access of the senior service market and improving the quality of senior service, requiring the service to orient towards community, rural areas as well as incapacitated and semi-incapacitated senior citizens.
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Discriminatory words concerning China’s human rights record are heard in almost every human rights session of the UN. It is believed some organizations and individuals with ulterior motives always turn a blind eye to China’s human rights progress, but make a judgment via blinkers.
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By the end of 2016, 2,566 fugitives had been extradited or repatriated from over 90 countries and regions, with assets worth about 8.6 billion yuan ($1.25 billion) recovered.
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PwC’s projections show that five key sharing sectors—travel, car sharing, finance, staffing, and music and video streaming—have the potential to increase global revenues to around 335 billion dollars by 2025, over 20 times higher than the number in 2016.
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The supply-side structural reform was launched to tackle the bottlenecks constraining China’s mid- to long-term development and economic restructuring process after its more than 30 years’ rapid growth.
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According to data released by the Supreme People's Court (SPC) in February, Chinese courts accepted 5,665 bankruptcy cases in 2016, an increase of 54 percent from the previous year. About 3,600 of them were resolved, with 85 percent of the resolved cases resulting in liquidation.
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The investment amount of projects across the Belt and Road region has been growing at a compound annual growth rate (CAGR) of 33 percent since China put forward the initiative in 2013, said Simon Burke, head of the financing department at PwC Hong Kong.
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The increased weight of service sector can be attributed to supportive policies, the development of overall economy as well as the popularity of Internet. China's agricultural and industrial structures, driven by technological upgrade, have been optimized as well.
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The new guideline on online lenders' fund custody is a latest attempt of China Banking Regulatory Commission (CBRC) to tighten regulation on peer-to-peer (P2P) lending. The watchdog required the industry to pursue a “law-based and inclusive benefits” principle last August.
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In future, the five BRICS countries are expected to continue to tap potential for cooperation, identify more converging interests in areas such as trade and investment, liberalization and facilitation, e-commerce, financial market connectivity, innovation-driven development, and carry out more resul