HANGZHOU - Zhang Hao found a job at a securities company in the eastern city of Hangzhou after graduation.
BEIJING - China's outbound mergers and acquisitions rebounded in the second quarter of this year with deal value increasing 148 percent quarter on quarter, according to an industrial report. Chinese investors returned to the deal table in the April-June period after a lukewarm first quarter and were the second most acquisitive cross-border nation by value with 94 deals totaling at $35.9 billion, according to international law firm Baker McKenzie's Cross-Border M&A Index.
China significantly ramped up imports of liquefied natural gas in the first half of the year, as part of broader efforts to clean up its coal-dominated energy mix.
International asset managers said they were dynamically rebalancing their portfolios to invest in Chinese mainland's A-shares after the recent MSCI inclusion, with investment capital expected to pour into the world's second biggest equity market by capitalization - currently valued at $7 trillion to $8 trillion.
The IMF on Monday raised its forecast for China's GDP growth for this year and 2018, citing growth-boosting high public investment by the world's second-largest economy.
Chinese tech heavyweights and startups alike are scrambling to answer the country's call for greater investment in core artificial intelligence technology, after the government rolled out a national plan seeking to lead the world in AI research and application. Liu Qingfeng, chairman of iFlytek Co Ltd, China's biggest voice recognition company by market share, said the plan, unveiled by the State Council on Thursday, drew a clear path for AI's development in China.
Global luxury giant LVMH is embracing the digital age in China by providing online shopping services for its core brand Louis Vuitton.
Didi Chuxing, China's biggest ride-hailing company, announced on Monday that it will cooperate with Japanese telecom company Soft-Bank Group Corp to invest $2 billion in Grab, Uber Technologies Inc's biggest rival in Southeast Asia.
China is tackling the challenges brought about by the pile-up of local government debt, but local government debt itself is a necessary financial tool to support the construction of local infrastructure.
To ensure a prosperous future, Macao, Hong Kong and the cities of Guangdong province must coordinate their efforts in building a top-notch bay area, a former vice-minister of commerce told China Daily.
Editor's Note: China's gross domestic product expanded at a rate of 6.9 percent in the first half of this year. In a series of interviews, China Daily asked economists, analysts and business leaders about the prospects for economic growth in the country.
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