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Chinese firms previously relied heavily on imports for high-end display products, such as curved and foldable screens.

Chinese companies should get prepared for the rise in chip demand as cars become smarter, said analysts, after some carmakers experience pandemic-caused chip shortages.

Chinese international relations scholars Mei Xinyu (L) and Jia Lieying (M) talk about China-US-Russia relations with their Russian counterparts via video conference in Beijing on April 10, 2017. [Photo by Chen Liubing/chinadaily.com.cn]

Chinese financial regulators explained the action is to better protect the interests of financial consumers and investors and sustain sound capital market development in the long run. High-leverage lending and excessive debt to a broad group of individuals may threat financial stability.

Chinese consumers expect decent returns on savings, especially when the inflation rate tops 2 percent. [Photo/IC]