BEIJING - Over the past 10 years, a Chinese development fund has invested billions of dollars in Africa. Chi Jianxin, chairman of the China-Africa Development Fund (CADF), told Xinhua in an interview that the fund has $4.5 billion to invest in 91 projects in 36 countries, with more than $3.2 billion having already been invested.
This Christmas, it appears as though Santa Claus has unfolded a big bagful of FDI, or foreign direct investment, in China.
Anheuser-Busch InBev, the world's largest brewer by production volume, plans to expand plant capacities in China next year to drive growth.
Asked about their China investment plans, foreign executives' typical response can be summarized as "We are in China, for China".
If Alibaba proved to be a digital bridge that connected Chinese manufacturers to corporate clients or wholesale merchants the world over, DHgate.com has gone a step further and is delivering both business and individual customers across the world - 14 million of them, no less - to 1.7 million Chinese sellers.
Led by supply-side structural reform and booming size of the middle class, China is confident of its services' ability to attract foreign direct investment or FDI.
For Tim Blackburn, 47, CEO of Swire Properties' Chinese mainland arm, development or regeneration of high-quality properties over the long term, with emphasis on aesthetics and adding value to the local community, is a philosophy close to his heart.
Not many outside the Chinese mainland might be aware that the world's third-largest sportswear company is a Hong Kong-listed company, but come September 2022, when Beijing will host the Winter Olympic Games and Winter Paralympic Games, the world will likely recognize Anta.
PARIS - Barcelona is making moves to bring Atletico Madrid star Antoine Griezmann to Camp Nou while Manchester City is eyeing Alexis Sanchez as clubs around Europe prepare for the January transfer window.
LOS ANGELES - LeBron James scored 34 points and the Cleveland Cavaliers held on to beat Chicago 115-112 on Thursday, ending the Bulls' seven-game winning streak.
THE HAGUE - Ajax sacked coach Marcel Keizer and his assistants Dennis Bergkamp and Hennie Spijkerman on Thursday, a day after the Amsterdam club was bundled out of the Dutch Cup.
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