Dubai's Multi Commodities Center, the largest free trade zone in the United Arab Emirates, has seen a strong surge in the number of Chinese companies as the Belt and Road Initiative drives new business opportunities.
A stable outlook is expected in the Chinese mainland property market in the coming 6 to 12 months but going forward developers face a challenging operating environment, Moody's Investors Service said in a report.
As the latest addition to China's Free Trade Zones project, Chongqing plans to become a pivot in the country's go-west campaign - the national effort to develop the vast western regions, home to energy and mineral resources crucial to its future growth.
The Shuangliu district of Chengdu in Sichuan province plans to become home to top professionals in international trade, finance and law from different parts of the world, to meet the needs arising from its inclusion in the China (Sichuan) Pilot Free Trade Zone.
The Xi'an High-tech Industries Development Zone is speeding up efforts to build itself into an international production base of high-tech industry in the next three to five years, senior officials said.
China Telecommunications Corp said on Monday that it will invest more than $1 billion over the next three to five years to expand its presence in economies along the Belt and Road Initiative.
The World Bank Group and the China-led Asian Infrastructure Investment Bank signed an agreement on Sunday to strengthen cooperation and knowledge sharing between the two multilateral financial institutions.
Drone manufacturer DJI Innovation Technology Co and Qianxun Spatial Intelligence Inc, a company that uses China's homegrown BeiDou Navigation Satellite System for location and data analysis services, have announced a strategic partnership to promote the application of the navigation system in the drone industry.
SPD Silicon Valley Bank plans to open a branch in Shenzhen in the summer of 2018, another big step in its robust expansion in China.
China's listed banks' net profits continued to grow in 2016, but they will face increasing pressure to maintain this growth, according to a report issued by PricewaterhouseCoopers on Monday.
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Raymond Zhou
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Chen Weihua
