Struggling firms see doors open to Central Asia, Russian buyers
The farm sector in the Xinjiang Uygur autonomous region will export more agricultural technology to countries in Central Asia as the Belt and Road Initiative is further implemented, officials and experts said.
Chinese banks, encouraged by Premier Li Keqiang's "going-out" strategy, are rocketing up the international bond arranging league tables in Asia, leaving investment banking stalwarts in their wake.
Bank of China Ltd plans to extend more credit to local enterprises and further expand its overseas businesses to take advantage of opportunities arising from the Belt and Road Initiative.
Uncertainties still remain amid wild fluctuations, say market sources
China's top legislature ratified an agreement on the founding of the BRICS New Development Bank, which will fund infrastructure projects in the region and other developing economies, on Wednesday.
Foreign hedge funds are looking to leverage on China's favorable outbound investment policies to raise more funds from wealthy Chinese individuals planning to invest abroad.
Chinese companies in Europe are probably looking at the best time to expand investments on the continent as several European nations are facing pressure to maintain a people's welfare system and create new growth avenues in trade, services and financial sectors, experts said on Wednesday.
While reshaping the way people shop, talk, and entertain themselves, the use of mobile Internet in China is also proving an invaluable tool in helping Chinese become more generous and charitable, according to a new report.
Wang Xinrui, a 13-year-old girl from Wenlou village in Henan province, has had to live with her grandmother, because her parents, like so many other migrant workers from underdeveloped central and western regions of the country, were forced to stay away from home to earn their livings.
Cummins Inc, the United States engine maker, is expanding its work in China dedicated to promoting and developing green and power-efficient technologies.
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