Coca-Cola’s biggest bottling plant in north China began operating Thursday in Xianghe County of Hebei Province, southeast of Beijing. The plant will produce bottled water, Coke and Sprite, mainly to serve Beijing, Tianjin, Hebei and neighboring regions, according to Luan Xiuju, president…
China’s push to develop industrial internet will inject a fresh impetus to the development of smart manufacturing as well as the integration of the industry and the internet, analysts said on Wednesday. “Accelerated steps on industrial internet are of significance to China’s…
Anhui Jianghuai Automobile (JAC Motors) and Volkswagen Monday signed a memorandum on a joint venture to develop and market multi-function vehicles. The two companies will discuss possible options for a joint venture which will develop pickup trucks, MPVs and electric cars. The…
Chinese companies abroad hired 118,000 more local employees in 2016 than in 2015, according to the country’s top economic planner. The number of local employees working for Chinese companies abroad rose to more 1.3 million last year, said Zhou Xiaofei, deputy secretary-general…
Places $2.8 bln bet on ‘new retail’ amid saturated markets: analysts Alibaba Group announced on Monday that it would invest about $2.88 billion into one of China’s largest grocery operators as part of a broader drive to integrate traditional offline and online…
The proportions of restaurants and retailers reporting a year-on-year growth of revenue were higher than those in August, and they were optimistic about the business prospects in October, the Macao Special Administrative Region’s (SAR) statistics department said on Sunday. Latest report by…
Internet giant Baidu Inc is considering spinning off its international division, as it focuses more on prioritizing artificial intelligence as a growth driver, according to a source familiar with the matter. Following the closure of its mobile healthcare segment and the sale…
Shanghai’s artificial intelligence industry revenue will hit 100 billion yuan ($15.2 billion) by 2020, and likely become the city’s new growth engine, top government officials said yesterday. It will be a big market because AI is set to integrate with many sectors,…
A technician of CRRC Qingdao Sifang Co Ltd, a high-speed train manufacturer, gives instructions to students at a vocational school in Shandong Province. The labor market needs more vocational education to lift the number of skilled workers in China, experts said at…
China’s 2017 online retail sales is approaching $1 trillion that will buttress the country’s position as the largest e-commerce market in the world, S&P Global Ratings said on Monday. The rating agency said the estimation is based on record online spending during…
