In July 2017, the company established a branch, namely Siasun Automation (Singapore) Pte Ltd. Based in Singapore, it is designed to specifically serve the Asia-Pacific customer. Siasun SG fully integrates high-quality resources of Southeast Asia, and provides innovative products and high-quality services based on local needs, which is actively committed to the overall planning and implementation of regional industry 4.0, and constantly deepening the development strategy of globalization.
In June 2002, Yang set up a refinery with partners in Lanzhou. Three months later, Yang fled with a large amount of company funds, which he obtained under the pretext of buying petroleum.
In January, Apple said Guizhou-Cloud Big Data Industry Co Ltd, a company owned by the provincial government, will operate its iCloud services on the Chinese mainland. The move came after Apple announced last year it would open its first China data center in Guizhou. The center is part of a billion investment in the province and will be operated by Guizhou-Cloud Big Data Industry.
In July, the non-performing loan ratio of small and medium-sized banks registered at 2.34 percent, which was within a reasonable range, the China Banking and Insurance Regulatory Commission said.
In July 2019, Yang Guangyi was sentenced to death by the Qinzhou Intermediate People's Court in South China's Guangxi Zhuang autonomous region for the rape and subsequent death of a 10-year-old girl who was on her way home, according to a report by Red Star News, a news outlet based in Southwest China's Sichuan province. The girl died after she was raped and injured by Yang and then left on a hill, the report said.
In July 2017, WeWork China was founded and received its 0 million series A investment from Hony Capital and SoftBank.
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In December 2016, all four men were exonerated on appeal by the Jiangxi High People’s Court due to a lack of evidence. They each received 2.3 million yuan in compensation for their wrongful conviction and imprisonment.
In February, the PBOC issued the first set of security standards for blockchain technology used in the financial sector, aiming to regulate the blockchain-related applications and improve its information security capability. The security standards will apply to the upcoming digital currency.
In China, the hukou urbanization rate was 43.4 percent in 2018, while the resident urbanization rate had already reached 59.6 percent, according to the National Statistics Bureau.
In China, SMBs contributed to 80 percent of employment, some 70 percent of patent ownership, over 60 percent of GDP and more than 50 percent of tax revenue, China's central bank governor Yi Gang said last week.