Truck freight between China and Europe is set to increase substantially after a vehicle loaded with high-tech manufacturing equipment successfully completed the 11,000 kilometer road journey from Dornstadt in Germany to Shanghai in two weeks.
Private enterprises are looking to play a bigger role in promoting China's Belt and Road Initiative to realize more benefits in foreign and domestic markets, according to industry experts.
Angel Yeast Co Ltd, one of the country's largest yeast makers and a biotech solution provider, is banking on its manufacturing facilities in Egypt and Russia to further expand its footprint in the overseas markets.
Firmenich, the world's largest privately owned perfume and taste company, plans to further its efforts to better meet the growing customer demand in China and eyeing further growth opportunities, after opening its largest flavor manufacturing plant in the Zhangjiagang Free Trade Zone in Jiangsu province.
China is shifting to become one of the leading innovators in the world, thanks to an increasingly educated workforce and a growing economy, and there are many opportunities for companies from the United States and China to develop global partnerships and new, innovative ways to grow market share, said Gary Shapiro, CEO and president of the Consumer Technology Association.
The China-Belarus Industrial Park, a signature project on the Silk Road Economic Belt, is stepping up efforts to attract more global investors, said senior executives of the industrial park development company.
China's physical examination market is expected to reach 465 billion yuan ($68.6 billion) by 2022, up 55.83 percent from the level in 2018, thanks to the public's growing healthcare awareness, the increasing morbidity of chronic diseases and the willingness of more employers to offer such services, said a recent report.
China has continuously stepped up efforts to implement monetary and fiscal policies to stabilize the economy. These efforts have helped bolster market expectations and confidence in the Chinese economy from enterprises, residents and foreign investors, economists said.
Shenyang Blower Works (Group) Co Ltd, a State-owned electromechanical equipment maker, will continue to expand its presence in the overseas markets for the next five years, a top company official said.
Fresh signs have emerged that foreign institutional investors' appetite for China's A shares may be growing, and that they may expect further glad tidings from regulators, market insiders said.
Even as the Chinese A-share market heads toward a bullish phase, it is witnessing a wave of stake reductions by companies' major shareholders, including management members and other shareholders liable for information disclosure.
Guangxi Liugong Group Co Ltd, a leader in China's engineering machinery industry based in Liuzhou, the Guangxi Zhuang autonomous region, has strengthened innovation-driven growth to actively participate in shared development in the markets related to the Belt and Road Initiative, and has achieved rapid growth in overseas markets.
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Raymond Zhou
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Berlin Fang
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Huang Xiangyang
Chen Weihua
