The Xi'an High-tech Industries Development Zone is speeding up efforts to build itself into an international production base of high-tech industry in the next three to five years, senior officials said.
China Telecommunications Corp said on Monday that it will invest more than $1 billion over the next three to five years to expand its presence in economies along the Belt and Road Initiative.
The World Bank Group and the China-led Asian Infrastructure Investment Bank signed an agreement on Sunday to strengthen cooperation and knowledge sharing between the two multilateral financial institutions.
Drone manufacturer DJI Innovation Technology Co and Qianxun Spatial Intelligence Inc, a company that uses China's homegrown BeiDou Navigation Satellite System for location and data analysis services, have announced a strategic partnership to promote the application of the navigation system in the drone industry.
SPD Silicon Valley Bank plans to open a branch in Shenzhen in the summer of 2018, another big step in its robust expansion in China.
China's listed banks' net profits continued to grow in 2016, but they will face increasing pressure to maintain this growth, according to a report issued by PricewaterhouseCoopers on Monday.
BEIJING - After 20 days, the East Wind train arrived in Budapest, marking the revival of the old Silk Road and providing fresh impetus for global cooperation. The train arrived on Friday, with its 41 wagons full of clothes, toys and other Chinese goods, as well as the dust and grime collected through countries including Kazakhstan, Russia and Belarus on a journey of over 9,300 km.
Production executives such as Pu Mingju of Sany Heavy Industry Co Ltd are a busy lot these days as China's construction machinery sector, which makes heavy equipment like concrete pumps, excavators and cranes goes from strength to strength.
Caterpillar Inc will continue to facilitate Chinese indigenous partners on projects along the Belt and Road economies, said one of its top executives.
Significant demand nationwide for urban development and infrastructure projects, funded through the public-private partnership or PPP route, will likely create a trillion yuan ($147 billion) market in the next couple of years, which may grow into a 10-trillion yuan market in the next decade, industry experts said.
Measures this year across China to rein in both speculative investments in the property sector and skyrocketing home prices appear to be "effective".
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