Earnings at China’s industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted US-Sino trade war.
China’s renewable power capacity rose 12 percent in 2018 compared to a year earlier, official data showed on Monday, with the country still rolling out new projects despite transmission capacity concerns and a growing subsidy payment backlog.
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
Activity in China's manufacturing sector contracted for the first time in more than two years in the month of December amid a domestic economic slowdown and Beijing's ongoing trade dispute with the US.
Chinese artificial intelligence provider Megvii Inc., commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.