After electric vehicle maker Tesla Inc announced its first factory outside the United States in Shanghai on Tuesday, it became China's first wholly foreign-owned automaker, and the project is the largest ever foreign manufacturing investment in Shanghai.
China is capable of coping with the reduction of soybean imports from the United States as it has many import channels from global markets such as Brazil and Argentina to ensure its grain security, said a government agency and grain traders.
Chicago Mayor Rahm Emanuel said on Wednesday that the US city expects more bilateral trade and investment with China in the coming five years, as foreign media reported that the personal goal of his visit to Beijing was to preserve a $1.3 billion contract amid China-US trade tensions.
DuPont Sustainable Solutions, the operations consulting arm of US-based DuPont Group, said increasing tariffs and trade barriers is not the solution to develop the world economy in a healthy way.
China should consider setting up a 100 billion yuan ($15 billion) enterprise exit fund to ensure better management of its over 6 trillion yuan of non-performing assets, said Li Daokui, an economist at Tsinghua University and a former Chinese central bank monetary policy committee member.
China's direct investment in countries and regions that are part of the Belt and Road Initiative is estimated to reach $25 billion in 2020, up 100 percent from the levels seen in 2014, according to a new report from Commerzbank AG, Germany's second-biggest bank by assets.
China's consumer and factory inflation in June show little indication that inflation will become a destabilizing factor in the economy despite some level of pressure from trade conflicts with the United States, according to analysts.
China will strengthen the penalties for businesses and individuals providing false information in the fourth National Economic Census, to be conducted this year, and establish a data tracing and accountability system to ensure statistical quality, the National Bureau of Statistics said on Tuesday.
There is uncombed cotton, combed cotton and Pima cotton.
Chinese bike-sharing titan Ofo Inc has announced it is pulling its bikes out of Chicago, as the city raised the cap for the company's type of dockless shared bikes.
The nation will ramp up resources to make breakthroughs in cutting-edge and core technologies and promote the further integration of the internet and traditional industries, which will inject new impetus into China's economic growth, a senior government official said on Tuesday.
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