Inner Mongolia North Heavy Industries Group Co Ltd (NHL), a major Chinese mining truck manufacturer, rolled the first of 28 units of its 360-metric-ton carrying capacity electric mining trucks off the production line last week for an Australian client.
International Business Machines Corp edged past estimates for quarterly revenue on Monday, bolstered by higher demand for its cloud services. The company's shares, however, fell after it stayed away from issuing a current-quarter outlook, citing economic uncertainty related to the pandemic.
Internet search giant Baidu Inc said on Tuesday that it is working with Access Services, a US-based public paratransit services provider to launch a self-driving pilot project in Los Angeles by the end of this year, as the tech behemoth accelerated its expansion in overseas markets.
Innovation in all its forms will, however, continue to be the key driver for business activities in China with Chinese companies leading the way, according to the Innovation Survey of the Greater Shanghai Region that was released on Wednesday.
Investors look at an electronic board showing stock information at a brokerage in Shanghai, August 13, 2015. [Photo/Agencies]
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Inspection targets include large warehouses, hutong neighborhoods, factories, wholesale markets and motorcycle parts centers near the city's airport, downtown and areas between city center and the suburbs.
Investors turned to bonds amid the uncertainty. The 10-year US Treasury note slid to 0.603 percent from 0.691 percent Tuesday. Bond prices and yields move in opposite directions as yields dip, prices rise.
Intel's logo is pictured during preparations at the CeBit computer fair, which opened its doors to the public on March 20, at the fairground in Hanover, Germany, March 19, 2017. [Photo/Agencies]
Instead of launching specific connect programs to link the onshore and offshore capital markets, such as the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect programs, a holistic opening plan should be taken by using the "negative list" management method, Guo Kai, deputy director of the People's Bank of China's monetary policy department and the leader of the research said in the report.