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As China's labor cost has continued to increase, more than 100 Jinjiang-based companies have established overseas production lines.

Arthur Bi, a partner at McKinsey and Company, said a traditional method of expanding business was to ask a massive number of agents to promote insurance sales. But that method can no longer meet the diversified demands of customers; nor can it aid the development of the industry.

As Bezos’ Amazon fortune has grown, there have been growing questions about his approach to philanthropy. In 2017, he solicited suggestions for philanthropic strategies — and followed up in 2018 with the unveiling of a billion Day One Fund to promote innovations in preschool education and affordable housing.

Apple and Amazon.com are on a collision course in all sorts of businesses — from digital music to e-readers. Now, the two tech titans are trying to make sure that your phone avoids collisions, eliminating cracked smartphone screens for good.

As China reduces excessive capacity in the coal mining, steelmaking and power generation sectors, coal-rich Guizhou province in Southwest China is digging further into eco-friendly drivers of economic growth with the help of Agricultural Bank of China Ltd, which is making the same adjustments to its direction of lending.