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Chinese listed banks have continued use fintech to drive the transformation of the branches and operational reforms. In 2016, the total number of branches in large commercial banks declined for the first time, it found, while the proportion of smart branches increased further.

Chinese companies have also expressed their desire to set up partnership ventures with Algerian operators to start manufacturing, given that the Algerian government wants to develop the automobile industry to curb dependence on oil revenues.

Chinese TV manufacturers have entered into a period of adjustment. Konka hired new senior management personnel. Skyworth Digital appointed Liu Tangzhi as its CEO.

Chinese foreign exchange reserves rose by .6 billion month-on-month in November after three months of declines, influenced in part by rising bond prices in some major countries, the central bank said on Friday.

Chinese civil aviation authorities issued an airworthiness directive on Saturday and urged grounding of all flights of GA8 and GA8-TC 320 aircraft registered in China, the Beijing News reported.