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Chinese companies were beginning to take the lead in the global digital economy, with 2017 seeing the major listed Chinese tech companies being valued more than their US counterparts in terms of their market capitalization.
Chinese Vice-Premier Han Zheng addresses the high-level meeting of the Second Belt and Road Forum for International Cooperation in Beijing, April 26, 2019. [Photo/Xinhua]
Chinese artificial intelligence pioneer SenseTime eyes expansion in Japan, with the company announcing on Friday that it was shortlisted to help a major Japanese enterprise upgrade its expressway monitoring system.
Chinese policymakers understand the problems with investments of low efficiency, which come at the cost of a sharp rise in the debt of local governments and State-owned enterprises. "Instead, they are adopting a different style of fiscal stimulus: tax cuts, for both households and corporations," said Zhu Haibin, JPMorgan chief China economist and head of China equity strategy.
Chinese banks' growing size, as well as cross-jurisdictional claims and liabilities, indicate a continuous integration of the country's lenders into the global financial flow, said Sam Theodore, a managing director of the financial institutions group at Scope Insights.
来源：资阳报