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…
More than 1,000 new products will be released at the China Hi-tech Fair 2017 next week in the city of Shenzhen in Guangdong Province, authorities said Wednesday. Scheduled for Nov. 16 to 21, the fair is themed “Innovation-driven development and supply quality…
China’s industrial output in the Internet of Things exceeded 930 billion yuan (140 billion U.S. dollars) in 2016, a Ministry of Industry and Information Technology official said Thursday. The value was almost six-times the level in 2009, when the sector saw 170…
China’s cloud computing industry will grow by at least 30 percent year on year on average in the coming five years, the latest industry report showed. By 2020, the aggregate market size of the country’s cloud computing industry is expected to hit…
China’s foreign trade environment will remain favorable in 2018, although the trade protectionism risks still keep growing, the commerce ministry said on Monday. The Chinese government is implementing policies to cool the property sector and deal with debt risks in the economy.…
Sodexo Group, a French services giant specializing in traditional segments such as catering and engineering, is expanding in the Chinese mainland market, its largest target in Asia, by enhancing its integrated corporate services in 50 Chinese cities. Such services include asset lifecycle…
