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Chinese companies recorded fastest growth in research and development spending this year, according to a report by consultancy PwC's Strategy & released on Thursday.
Chinese bank assets have increased to 300 percent of gross domestic product (GDP), and its equity and bond markets are now the second and third largest in the world, respectively.
Chinese home appliance manufacturers are pressing ahead with smart TV products that offer interactive scenarios and connect with various smart home devices. Hisense Group launched its social TV with an interactive system for large-screen social viewing in the Chinese market.
Chinese e-commerce giant Alibaba said over 15 million types of goods from 140,000 brands will be available through its Tmall shopping platform. The company said luxury brands, retail giants from the United States and Australia, and millions of Chinese retailers will join the promotion this year.
Chinese authorities have launched an investigation over new energy vehicle projects nationwide, deemed as a signal that the country is setting to solve the problem of overcapacity in the NEV industry.
来源：资阳报