SPC: to create a sound legal environment for the development of private enterprises

On May 30, the Supreme People’s Court (SPC) held a workshop for private entrepreneurs. Zhou Qiang, the Party Secretary and President of SPC attended and addressed the meeting. Zhou stressed that the functions and role of justice should be fully leveraged and the IPRs and legitimate rights and interests of private entrepreneurs should be protected by the laws, so as to create a stable, fair, transparent and foreseeable legalized business environment and offer strong judicial services and guarantee for the high-quality economic development. Lu Yong, Vice C…

China's service trade up 4.1% in first four months

China's service trade climbed 4.1 percent year-on-year to 1.74 trillion yuan ($252.84 billion) in the first four months of the year, data showed Wednesday. Service exports rose 10.1 percent during the period, while that of imports gained 1.1 percent. Deficit of service trade declined by 9.7 percent year-on-year to 506.06 billion yuan, according to data from the Ministry of Commerce (MOC). In April alone, foreign trade of services expanded 9 percent from one year earlier, with the pace of growth accelerating from a rise of 2.2 percent in March, indicating the country's service trade has maintai…

Nation leads world in blockchain projects

Industries are stepping up efforts in blockchain technology to serve the real economy, even though the global cryptocurrency market could be facing tough times. As of November, China led the world in new blockchain projects, with 263 in progress. The figure accounted for about 25 percent of such projects globally, according to data service provider Blockdata in Beijing. Blockchain refers to the technology that underpins cryptocurrencies, but its real value goes far beyond that. In the digital ledger system, transactions are recorded chronologically and publicly, ensuring that data is secure an…