The Chinese Cross-Border E-commerce Index also predicted that by 2018, value of China's import and export transaction via e-commerce, including retail and business-to-business, might hit 8.8 trillion yuan.
The China Merchandise Reserve Management Center said on Tuesday that 40,000 metric tons of frozen pork reserves will be released into the market — the fourth such move and the largest amount since September — to tame pork prices.
The Chinese economy is witnessing new trends, said Liu, citing stronger development impetus from innovation, more emphasis on developing new industries centering on final demand, as well as further attention to green development.
The China Banking and Insurance Regulatory Commission said last month that it had encouraged banks and insurance companies to increase funding to meet the financing demand of the real economy.
The Chinese Academy of Social Sciences and Tencent's Research Center on Society collected nearly 1,000 questionnaires from netizens older than 50 living in eight cities who use WeChat. Tencent, the developer of WeChat, also shared a user analysis based on big data using nearly 35.8 million samples.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 0.52 percent to close at 1,268.41 points.
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The China Charity Alliance has issued a set of rules to strengthen the regulation of charity organizations nationwide.
The Chinese Foreign Ministry on Tuesday called on Turkey to stop military actions and come back to the right track of resolving the issue in a political manner.
The China Banking Regulatory Commission announced Thursday the regulator plans to revise its implementation measures for administrative licensing matters concerning foreign banks and is soliciting public opinions. The revised implementation measures will add regulations on the requirements, procedures and application materials for foreign banks to set up or buy into domestic banking institutions. China will allow foreign banks to report to the CBRC before offering four types of services, including overseas wealth management and custody services on behalf of the client, rather than obtaining regulatory approval. Moreover, the CBRC will further unify market access standards for Chinese and foreign banks in various aspects, such as simplifying the procedures for executive qualification checks.
The Chef platform has been gaining steam in recent months as large enterprises — everyone from Facebook to Nordstrom to Riot Games— implement it in order to more quickly automate development processes and move business operations into the cloud. To date, more than 500 enterprises are using Chef, with sales expected to grow more than 220 this year. New customer additions are up 350 percent over the previous year.