Guo Xin, a marketing professor at Beijing Technology and Business University, said Chinese millennials have more purchasing power than middle income earners because many of their parents own an apartment and are not weighed down by excessive accommodation or mortgage concerns.
Guangzhou has been urged to develop a system to help improve the management of its growing number of foreign residents.
Guidelines designed to advance the development of a law-based society in the next five years were published on Monday by the Communist Party of China Central Committee, putting forth guiding thoughts, primary principles and overall goals for a society based on the rule of law.
Guangzhou plans to build the world's first automated unmanned parallel container quay for the fourth phase construction of the Nansha area of Guangzhou Port by 2021.
HANGZHOU - An agricultural drones contest was held Thursday in Jinhua, a city in East China's Zhejiang province.
HOHHOT -- Inner Mongolia autonomous region, the first province-level autonomous region established in China, celebrated its 70th birthday with a gala Monday.
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Guo, the official with the Shandong taxation bureau, said international companies were welcome to submit requests for tax consulting services and China would make sure that their interests were well-protected.
HNA, which holds the stake via investment vehicle C-Quadrat, initially reported a 3.04 percent stake in the Germany's biggest lender in February before increasing its holding.
HAIKOU - China's Hainan province plans to establish an offshore duty-free shop in Boao, a town in the city of Qionghai, according to the provincial finance department.
Guo transferred liabilities worth more than 400 million yuan to Zhengzhou Haohang Co, which has no loan repayment capacity, so he could illegally pocket the money.