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Chinese consumers will spend more money on information services than products for the first time in 2018, according to a report released by the China Academy of Information and Communications Technology, a government think tank affiliated with the Ministry of Industry and Information Technology or MIIT.

Chinese consumers are willing to pay as much as ,600 as a premium for purchasing an autonomous vehicle, while their counterparts in the United States and Germany are willing to pay less premium (,900 and ,900, respectively), a McKinsey & Company report has noted.

Chinese mainland's small and medium-sized enterprises (SMEs) are being urged to hone their business "soft skills" to deal with uncertainties in the global business environment, given looming escalation risks of a trade war between China and the United States, professional accountants warned.

Chinese Twitter-like platform Sina Weibo unveiled a new service system on Friday that allowed professionals to manage video material and edit video clips, marking its latest effort to boost its booming online short video business.

Chinese government bodies are pushing restructuring in the field of coal and electric power so as to fend off coal-fired power overcapacity, according to a statement released on the official website of National Development and Reform Commission Monday.