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China will shorten the time required for reviewing applications of high-value patents and for trademark registrations as part of its effort to strengthen the protection of intellectual property rights and improve the business climate, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.

China's biggest air-conditioner manufacturer Gree Electric Appliances Inc is gaining popularity in the US market with its commercial products as the US heating, ventilation, and air conditioning (HVAC) industry is calling for products that use clean energy and are energy efficient.

China's auto market has gradually recovered from the coronavirus pandemic with five consecutive months of positive growth.

China's central bank governor Yi Gang said during the 10th Lujiazui Forum in mid-June in Shanghai that the average lifespan of a Chinese SME is only about three years.

China will step up compliance oversight for ride-hailing services with measures to crack down on illegal activities and unlicensed operators.