Golden Week consumption boom mirrors economic vitality
China's weeklong National Day holiday, popularly known as the Golden Week, witnessed the country's unabated economic vitality and flourishing consumption market.
Macro
China "cracks hard nut" with new tax reform
China is pushing forward reforms on the fiscal powers of central and local governments with a high-stake action plan on some of the country's most important taxes.
Financials
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China's Alipay, WeChat Pay ban virtual currency trading
China's two leading digital payment platforms Alipay and WeChat Pay have made explicit their policies forbidding transactions related to virtual currency trading.
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China steps up policies to improve business climate, stabilize investment
China is set to boost its business environment through government legislation, as part of a new round of stabilizing policies which chart a roadmap for high-quality growth.
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Companies
Chinese AI firm iFlytek expects profit surge in first three quarters
Chinese artificial intelligence (AI) firm iFlytek Co. Wednesday forecasted significant profit growth in the first three quarters of this year.
Baidu granted road test licenses for self-driving cars with passengers
Licenses to allow road rests for self-driving cars that carry passengers were granted to Chinese artificial intelligence giant Baidu Friday by the government of Cangzhou city in northern China's Hebei Province.
Xiaomi forays into refrigerator market to step up IoT presence
Chinese tech firm Xiaomi is expanding its footprint in Internet of Things (IoT) applications by entering the refrigerator sector.
