The construction of intercity high-speed rail systems, which are expected over time to cover all prefecture-level cities, is picking up steam in quite a few provinces across China.
Intelligent shipping, which involves the use of informationization and digital technologies, could well be the silver lining for the global shipping industry to stave off an industrial recession and the ideal conduit for China to become a global maritime power, said experts.
China CITIC Bank, a major commercial lender, has gained approval from China Banking and Insurance Regulatory Commission (CBIRC) to set up a wealth management company.
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