SABIC, the Middle East's largest petrochemicals company headquartered in Riyadh, Saudi Arabia, said it will continue investing in the Chinese market with a new polycarbonate plant in Tianjin under construction.
Editor's Note: The trade friction between China and the United States intensified after Washington barred Huawei and its affiliates from buying US technology without government approval due to so-called security concerns, and increased tariffs on $200 billion worth of Chinese imports earlier this month.
Manufacturing and modern services firms from overseas will get incentives to invest in China's economic and technological development zones as part of the country's ongoing efforts to boost foreign investment, an official said on Wednesday.
Beijing on Wednesday set up a 5 billion yuan ($724 million) fund to spur development of the fifth-generation or 5G mobile technology industry, its latest effort to gain an edge in the commercialization of 5G tech.
Economic and trade potential between China and Central and Eastern European Countries (CEEC) will be further enriched by closer international industrial capacity cooperation and agricultural product and service trade, a government official said on Wednesday.
Internet giant Tencent Holdings Ltd said on Wednesday that it had teamed up with gaming company Roblox to set up a joint venture firm to foster the next generation of Chinese game developers and content creators by blending gaming and education.
China's commercial property investment amounted to 53 billion yuan ($7.68 billion) in the first quarter of 2019, with half coming from cross-border investors, according to a recent report.
China will give foreign investors more access to its commodity futures market as part of its continuing efforts to strengthen the real economy, the top securities regulator said on Tuesday.
Both Served by China and Made in China will provide more impetus for the high quality development of the Chinese economy, as the country is keen to push its service trade competitiveness from a medium level to the next level, officials said on Tuesday.
Spain's largest carmaker SEAT is set to make a comeback in China around 2021, a move that will help its parent company Volkswagen AG secure a larger share in the world's largest new energy vehicle market.
The FedEx Corp's reported practice of rerouting Huawei parcels to the United States without the Chinese company's authorization demonstrates that the US government is leaving no stone unturned to disrupt normal business activities, analysts said on Tuesday.
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Raymond Zhou
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