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CB Insights found that 33 percent of startups that achieved unicorn status between January and October were from China, while 41 percent were from the US. China surpassed the US in the first quarter of 2017, when it saw the birth of four unicorns, compared to three in the US.

CHANGCHUN -- China's automaker FAW Group on Friday began selling the first C-Class sport utility vehicle (SUV) of its iconic Hongqi brand in a bid to capture a slice of the luxury car market.

CG Lai, CEO of BNP Paribas China. [Photo provided to China Daily]

By the end of June, foreign banks had set up a total of 41 local incorporations, 115 branches and 156 representative offices in China. Meanwhile, the number of foreign-invested business operators came in at 1,005 and the total assets of foreign banks went up 7.56 percent year-on-year.

CHANGCHUN -- The design of the trains that will run on a new high-speed railway line linking Beijing and Zhangjiakou, co-hosts of the 2022 Winter Olympics, was unveiled in Beijing Tuesday.