Sun is among some 30,000 migrant workers from Lankao who have returned home over the last decade, with enough skills and capital accumulated over the years to start lucrative businesses at their doorsteps, according to the county's human resources and social security bureau.
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Swiss investment bank Pictet Group said in its investment note: "Following the recent significant appreciation of the renminbi against the dollar, we do not see too much decline in the dollar/yuan rate in the short term. We continue to believe PBOC's goal is to keep a stable renminbi on a trade-weighted basis."
Swedish premium carmaker Volvo Cars has unveiled a new autonomous concept car, which it says is redefining how vehicles can be used and can open up new growth markets.
Surveys of businesses by the Confederation of British Industry and Lloyds Bank also gave a sobering outlook for the world's fifth-largest economy.
TIANJIN — Tianjin in North China has closed 9,081 heavily-polluting companies this year, according to the municipal environmental protection bureau.
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Surveyed urban unemployment rate nationwide was 5.7 percent in June, versus 5.9 percent in May, the bureau said.
Super Brand Day, started five years ago, is a miniature version of Alibaba's famous Singles Day sales event held in November but it targets a specific brand. YSL Beauté's debut of its flagship store on Tmall in April 2018 reaped RMB 38 million in sales, shattering the previous single-day sales record held by Givenchy, which was million.
TAIYUAN - Authorities have cracked down on peer-to-peer (P2P) online lending firms in North China's Shanxi province.
Sui Xiang, Chinese golf professional, is in the limelight now not only for her skills but also her pretty face. [Photo provided to China Daily]