Economic Watch: China's economic confidence stays strong
With growth resilient and progress made in the pursuit of high-quality development, economic confidence remains positive in China.
Industries
Chinese brand car sales up 3.98 pct in Jan-May
Sales of Chinese brand passenger vehicles rose 3.98 percent year on year during the January-May period.
Trade
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Chinese FDI to U.S. declines 30 pct in 2017: Survey
Foreign direct investment (FDI) from China to the United States declined 30 percent in 2017 compared to a record high in 2016, a report released on Wednesday said.
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China exports hybrid shunting locomotives to Germany
China will export 20 hybrid shunting locomotives to Germany, according to the exporter CRRC Zhuzhou Locomotive Co. Ltd. on Saturday.
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Companies
Xiaomi to raise 6.12 bln U.S. dollars in Hong Kong IPO
Xiaomi, a Beijing-based smart phone maker, on Saturday announced its plan to raise 48 billion HK dollars (about 6.12 billion U.S. dollars) in the initial public offering (IPO) in Hong Kong next month.
China's Baidu tests driverless cars on expressway
Chinese artificial intelligence giant Baidu Inc. Thursday tested its two self-driving cars on an unused expressway in north China's Tianjin City.
Suning, RT-Mart partner on home appliances, 3C products sales
Chinese e-commerce giant Suning has partnered with superstore chain RT-Mart to co-sell home appliances, computer, communication and consumer electronics products (3C products).
