Furthermore, weak retail sales and declining business confidence are also among the drags on economic expansion.
Fueled by a surge of yuan-denominated fund-raising, .51 billion were raised by private equity companies and venture capital firms on the Chinese mainland last year.
GUIYANG-When scorching heat waves hit most parts of China last month, Guizhou province on the Yunnan-Guizhou Plateau, with a cool average summer temperature of 23 C, became a popular tourist destination.
Gao noted several key trends in the market, including digitalization transformation of communications and marketing, as well as the massive increase in purchasing power among the region's younger generation.
Fueled by several rounds of venture capital investment, bike-sharing firms have geared up on rapid market expansion at home and abroad with lossmaking low rental fees, making it even harder to drive a long-term sustainable future.
GUANGZHOU -- South China's Guangdong province will build 60,000 5G base stations in 2020, with 50,000 to be completed in the first three quarters.
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Frustrated as she was at that moment, Xu was tongue-tied. "I did not understand why a near-stranger would attempt to talk a single woman into marriage and pregnancy. I felt isolated and upset but failed to muster up enough guts to make a rebuttal in that instant," she said.
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GUANGZHOU -- A group of 21 suspects have been arrested for allegedly cheating over 20,000 people of more than 900 million yuan (2 million), police in Guangzhou, capital of South China's Guangdong province, said Tuesday.
GUANGZHOU - The bankruptcy of US toy retailer Toys "R" Us has had no major impact on China's toy exports, authorities said Wednesday.