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China's real economy basks in attentive financial support

China's real economy is enjoying more support from the financial sector as policymakers continue to roll out tailored policies.

Industries

China-made large amphibious aircraft enters new test phase

China's independently-developed large amphibious aircraft, the AG600, has completed trial flights from a land take-off and entered a new test phase from the water.

Trade

Banks restart "counter-cyclical" adjustment for stable yuan

Chinese banks have restarted "counter-cyclical" adjustment as part of the pricing mechanism of the yuan's central parity rate against the greenback.
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China revises regulations on foreign investment in banking sector

China decided to cancel and revise certain regulations on foreign investment in banking sector in a latest effort to push forward financial opening up.
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Companies

Alibaba's revenue up 61 pct in Q1 of 2019 fiscal year

Chinese e-commerce giant Alibaba said Thursday that its revenue surged 61 percent year on year to 80.92 billion yuan in the first quarter of its 2019 fiscal year.

U.S. leading driverless car enterprise sets up company in Shanghai

The U.S. self-driving company Waymo LLC, the driverless car division of Google's parent company Alphabet, has registered its exclusively-founded enterprise in Shanghai.

China's new airline to use ARJ21 regional jetliners

Genghis Khan Airlines, a newly approved airline company based in north China's Inner Mongolia Autonomous Region, plans to complete its maiden flight early next year.