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Britain's food and drink businesses should tap the huge potential of the Chinese market after Brexit as the impact of the novel coronavirus is likely short term, said the director of a British trading company. [Photo/Sipa]

Brose to localize, expand R&D for greener, next-gen auto parts

Brazil's President Michel Temer gestures during a inauguration ceremony of the new Minister of Justice, Torquato Jardim, at the Planalto Palace, in Brasilia, Brazil May 31, 2017. [Photo/Agencies]

Building Hainan free trade port is a significant strategic decision to push forward the innovation and development of socialism with Chinese characteristics, and a matter of great importance in the progress of China's reform and opening up in the new era, said Xi, who is also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, in an official instruction.

Business executives attribute the upbeat prospects in China to a thriving digital landscape, strong on-the-ground demand for innovation as well as government efforts to cut red tape and encourage technological breakthroughs.