When car sharing started in Canada and then spread to the United States in the mid-1990s, people had no idea the business model would be flourishing 20 years later on the other side of the globe in China.
German premium carmakers such as Audi, BMW and Daimler have been conducting trials of time share services in China, hoping to get a head start in this segment, despite the business being nascent and far from profits.
Car-sharing services will see fast growth in China in coming years, and the fleets of such service providers are expected to reach a collective 170,000 cars by 2020, according to a report by Strategy&, a subsidiary of PricewaterhouseCoopers.
China's Shanxi province wants to cut its reliance on coal and develop other industries such as information technology and clean energy this year, senior provincial officials said on Tuesday.
China's Shanxi province wants to cut its reliance on coal and develop other industries such as information technology and clean energy this year, senior provincial officials said on Tuesday.
Guangzhou Port Co Ltd, one of the largest hub ports in South China, is planning a share offer in the first half of this year, looking for financing to expand business, according to a senior company executive.
Beijing - China's technology, media and telecommunications overseas M&A market is expected to grow steadily in 2017, according to a report by Deloitte.
China's foreign exchange reserves rose above the $3 trillion mark in February again, the first rise in eight months thanks to an improving export situation and slowing capital outflows.
A national laboratory focused on artificial intelligence should be established to support AI technology and innovation, said Liu Qingfeng, chairman of iFlytek Co Ltd, a leading firm engaged in intelligent voice and speech technologies.
Beijing is listed as the billionaire capital of the world for the second year running, ahead of New York, and followed by Hong Kong and Shenzhen, according to the latest findings in the Hurun Global Rich List 2017 released on Tuesday.
In the civil aviation sector, where men still dominate jobs such as pilots and captains, more female pilots have started to emerge and assume important positions.
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