The United States has formed a working group to ramp up the participation of US companies in Belt and Road Initiative projects, a top Trump administration official said at the two-day Belt and Road Forum for International Cooperation in Beijing which wrapped up on Monday.
Ant Financial Services Group said on Tuesday it has no timetable for an initial public offering, amid speculation that the internet financial giant is stalling a planned flotation to improve its performance and regain market share.
The operations in China of a new joint venture - involving heat technology and hot water products - will help expand the market presence of Robert Bosch GMbH in the mainland, a senior executive of the German group said on Tuesday.
China's biggest memory-foam manufacturer Mlily and rival mattress maker King Koil China are set to go head-to-head in the auction for one of the United Kingdom's biggest bed retailers, Dreams, with bids expected in the range of 400 million pounds ($517 million), according to media reports.
China's biggest dairy producer, Inner Mongolia Yili Industrial Group Co Ltd, said it plans to further move into overseas markets in the next three to five years.
German software company SAP SE will step up efforts to tap into opportunities brought by the Belt and Road Initiative, which it believes will motivate groups to adopt new technologies and business models.
To control financial risks, Chinese companies need to make prudent investments on expansion into economies participating in the Belt and Road Initiative, said Justin Yifu Lin, former chief economist and senior vice-president of the World Bank.
Hungary will deepen cooperation with China in the financial sector by jointly establishing more investment funds, said its minister of foreign affairs and trade.
The CEO of fintech services company NCF Group - which is among the country's first batch of groups to obtain full-fledged internet finance licenses - said that the strategic goal of his firm is to generate half its business from overseas markets in the next three to five years thanks to the Belt and Road Initiative.
The Belt and Road Initiative will continue to make emerging economies more competitive, narrowing the developmental inequity between landlocked countries and coastal regions, said business leaders and trade experts.
China Mengniu Dairy Co Ltd, one of the country's biggest dairy producers by revenue, plans to add more products to suit local preferences in countries and regions covered by the Belt and Road Initiative this year, said its top executive.
BEIJING - As China presses ahead with the Belt and Road Initiative, Chinese workers have become key to transformation of countries and regions covered by what is arguably the greatest economic project of the century.
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