Global paints and coatings company AkzoNobel said it expects its business growth in the Chinese market to "maintain the current momentum" in the coming years, despite concerns that tightening housing policy could deal a blow to the industry.
Giant mantou, the traditional steamed bun that is a staple for millions of northern Chinese, are proving a hit among students and employees at Renmin University of China.
Global consultancy PwC said AI will play a massive role in boosting the global economy and expected AI's contribution to the global economy to leap from trillion in 2018 to .7 trillion by 2030.
Gianfranco Lanci, president of Lenovo, said the global PC market is likely to remain relatively flat or witness slight growth next year. As the Windows 10 refresh cycle in the business market will continue to contribute to growth, the sector will also continue to face a shortage in the supply of CPUs.
German automaker BMW is increasing the price of some US-made SUVs sold in China to counter tariffs the country is levying on imports amid the escalating US-China trade war.
Gasoline consumption increased by 5.9 percent and aviation kerosene consumption by 10.8 percent, indicating strong demand for business and tourism travel. Diesel consumption grew by 6.1 percent, continuing a sustained recovery since last year, showing a rebound in demand for oil in industries such as infrastructure construction, transportation and logistics, and industrial production.
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General Wei Fenghe, Chinese State councilor and defense minister, made the remark on Thursday during an official visit to Singapore ahead of the 18th Shangri-La Dialogue, which kicked off on Friday.
Global confectioners aim to grab slice of market