RIGHT BG
Twelve local governments have entrusted a total of 475 billion yuan ($75 billion) in pension funds to the National Council for Social Security Fund (NCSSF) for more diverse investments, of which 306.65 billion yuan had already been put into use.
U.S. whiskey makers say they see great demand and rapid growth in China, but right now they also see both being hurt if China imposes a 25 percent tariff.
The economic output of Qianhai and Shekou Area of the China (Guangdong) Pilot Free Trade Zone has reached hundreds of billions of yuan after three years of establishment.
China's tech company Xiaomi may file its application for an initial public offering to the Stock Exchange of Hong Kong next week, reported securities news portal cs.com.cn Thursday.
Castbox, a Chinese podcast startup with over 15 million users from around the globe, gained $13.5 million in Series B funding in this week.
Huawei said on Thursday that it complies with "all applicable laws and regulations where it operates" after U.S. media reported that the U.S. Justice Department is investigating whether the company violated American sanctions targeting Iran.
China's leasing industry is set to to continue to grow strongly in 2018 and refinancing demand is forecast to jump 85 percent year on year, Fitch Ratings said.
Chinese airline brand values are taking off as they expand abroad while their US counterparts' brand values are dropping, according to the latest report by Brand Finance, the world's leading independent brand valuation and strategy consultancy.
Shanghai-based Ctrip.com Inc has invested in U.S.-based supersonic airplane developer Boom Supersonic, which is developing next-generation airplanes to halve flight times from China to the United States, South Asia and Oceania.
Shanghai has overtaken Beijing to become the city with most commercial attraction in the four first-tier cities, according to a report by the China Business Network.
