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Chinese regulators will not block private or low-rated companies from granting loans, according to two officials who handle corporate debt issuance applications at local regulatory bodies.
Chinese car brands sold 655,000 passenger vehicles last month, growing 6.3 percent year-on-year. Their market share saw a slight increase of 0.1 percentage points to 37.3 percent in August, marking the first increase over the past five months.
Chinese oil and gas giant Sinopec, or China Petroleum and Chemical Corp, announced on Thursday the addition of 83 billion cubic meters of newly-proven natural gas reserves at the Chuanxi gas field in the Sichuan basin, increasing the gas field's proven gas reserves to 114 billion cu m, which is equivalent to a large oil field.
Chinese internet search giant Baidu Inc is looking to work with Indian institutions in the future to make a better world through innovation, said Robin Li, co-founder, CEO and chairman of the company, who underscores the infrastructure for artificial intelligence will significantly propel the speed of innovation.
Chinese enterprises are apparently no longer inferior to their global peers in scale, but they have a long way to go concerning raising competitiveness and diversifying business models through technological development, said Su.
来源：资阳报