Dai Wei, founder of Ofo Inc, expects the bike-sharing company to break even this year and make a profit in 2018.
Boosted by strong sales and investment returns, China's major industrial firms registered double-digit profit growth in May, adding to signs of a stabilizing Chinese economy.
Chinese government has always attached great importance to the management of government debt, and has established a standardized borrowing and financing system for local governments, according to a senior official with the National Audit Office (NAO).
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TEDA: Enabling funding for China
Cities, governments and industrial parks the world over are rushing to create tech industry hubs.
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Robin Li passed Wang Jianlin as the richest man in China today by just $64 million, according to the Bloomberg Billionaire Index.
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