Shanghai Shengchang International Trade Company has become the first import and export company to register online on ASOne, an online business processing platform of the State Administration of Foreign Exchange (SAFE).
science and tech hub
After burnishing its credentials as a hub for finance and shipping, Shanghai is looking to be a global destination for science and technology efforts by setting up specialized artificial intelligence hubs and stepping up smart manufacturing development.
The battle over 5G smartphones has intensified in China, with the first batch of eight 5G phone models having obtained the quality certificate needed to hit the market.
China's banking sector will continue to see stable development this year but the banks may face slower profit growth and rising pressure on their asset quality, a report said on Wednesday.
China's car sales rebounded in June as carmakers and dealers ratcheted up promotion before new emission standards took effect in some regions in July.