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.
China is taking the global lead in digital financial inclusion and could introduce its best practices to other countries, said a senior fintech practitioner.
China's sharing economy market will maintain an annual growth rate of over 30 percent in the next three years, thanks to the public's active participation, government's policy support and mature business mode, a new report said.
Whirlpool Corp, the US-based white goods maker, is increasing its investment in China this year, with the planned amount exceeding the company's total investment in the country during the past five years, a top company official said on Wednesday.
China, the world's largest gas importer, is set to double the import of liquefied natural gas equipment in the next five years, after shipments of the clean fuel doubled in the last two years on Beijing's concerted efforts to reduce carbon emissions, said a new industry report.
Deutsche Bank plans to capture more market share in China as the country continues to open its financial sector to foreign players, said Werner Steinmueller, the bank's Asia-Pacific CEO.
China Merchants Industry Holdings Co (CMI), the marine and offshore manufacturing arm of State-owned China Merchants Group, is expected to deliver 10 cruise ships for polar expeditions to Miami-based SunStone Ships Inc by 2027, company officials said on Wednesday.
Full Truck Alliance Group, China's biggest application for Uber and Didi-like truck services, is looking to break even this year by leveraging its financial services for truck drivers and integrating existing resources with the help of big data technologies.
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Raymond Zhou
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