Officials from the People's Bank of China, the central bank, recently released more information about a central bank digital currency, or CBDC, which is still at the research stage.
Often dubbed China's answer to Airbnb, Xiaozhu found new backers in Yunfeng Capital, co-founded by Jack Ma, executive chairman of Alibaba Group Holding Ltd, and Advantech Capital, which jointly led the funding round.
On Alibaba’s platforms, including Taobao and Tmall, more than 18 million consumers bought 2.5 billion yuan (3 million) worth of coffee products in a 12-month period, up 18 percent year-over-year, reported Alibaba news site alizila.com in September. Sales of coffee beans and grounds grew 60 percent faster than instant coffee over 2017 on Alibaba platforms.
Oliver Suter, chief sales officer of Axess AG, an Austrian company developing secure and customized systems for ticketing and access management for ski resorts, told China Daily’s website the company is going to invest a lot in China’s winter sports industry.
Offshore duty-free shops in Hainan sold goods worth 5.25 billion yuan (8 million) during the first six months of this year, up 24 percent from the same period a year ago, according to data from the local customs authorities.
On Dec 4, Hu and five others were caught by police when they accompanied people they had employed to use lost ID cards to open debit accounts at a bank in the Lujiazui financial area. Police seized more than 100 ID cards and two bank cards.
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Officials are confident that these moves will provide an even better and fairer business environment for privately-owned companies in the country, as they contribute more than 60 percent of the country's GDP.
On April 12 last year, the State Council, China's Cabinet, issued a guideline to promote the development of the internet-based medical industry. It included related laws and regulations. Specifically, the guideline stipulated fee structure for internet-based medical services, and underlined improvements to the health insurance claim settlements through a cost-sharing mechanism.
Of the emerging rural homestays, those that feature cultural heritage and help visitors to learn about local communities are proving popular.
Of the areas surveyed 61 percent have much more vegetation, compared with ten years ago. And 63 percent have less soil erosion.