SDIC has managed a total of 160 billion yuan of government guidance funds (.7 billion), of which over 70 percent went to China's private sector, Wang said.
SHANGHAI - World famous consumer brands including Apple, Louis Vuitton and Gucci have announced their decisions to cut their suggested retail prices to give the gains from China's value-added tax (VAT) cut to consumers.
SCO member states reaffirmed the importance of using the potentials of the countries of the region, international organizations and multilateral associations to form a space of broad, open, mutually beneficial and equal interaction in Eurasia in accordance with international law, primarily the principles of equality, mutual respect and consideration of national interests, said the joint communique.
SOE business revenue rose 10.3 percent to over 37 trillion yuan in the first eight months, while operating costs expanded 9.7 percent year-on-year to 35.57 trillion yuan.
SAN FRANCISCO - California officials joined activists on Sunday to promote Chinese medicine and acupuncture in the United States.
SEOUL - Republic of Korea President Moon Jae-in and his US counterpart Donald Trump on Sunday pledged to work closely to ensure the success of the planned summit between Trump and the Democratic People's Republic of Korea top leader Kim Jong-un.
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SHANGHAI - Chinese media and entertainment group CMC Inc. Tuesday said it had raised nearly 10 billion yuan (.5 billion) from investors, including internet giants Alibaba and Tencent, and property developer China Vanke.
SAN FRANCISCO-How long does it take a robotic hand to learn to juggle a cube?
SAN FRANCISCO - Facebook on Thursday said it removed ads by President Donald Trump's re-election campaign that contained a symbol used in Nazi Germany for political prisoners.
SPC: Evidence insufficient to prove the crime of intentional homicide