BEIJING - After 20 days, the East Wind train arrived in Budapest, marking the revival of the old Silk Road and providing fresh impetus for global cooperation. The train arrived on Friday, with its 41 wagons full of clothes, toys and other Chinese goods, as well as the dust and grime collected through countries including Kazakhstan, Russia and Belarus on a journey of over 9,300 km.
Production executives such as Pu Mingju of Sany Heavy Industry Co Ltd are a busy lot these days as China's construction machinery sector, which makes heavy equipment like concrete pumps, excavators and cranes goes from strength to strength.
Caterpillar Inc will continue to facilitate Chinese indigenous partners on projects along the Belt and Road economies, said one of its top executives.
Significant demand nationwide for urban development and infrastructure projects, funded through the public-private partnership or PPP route, will likely create a trillion yuan ($147 billion) market in the next couple of years, which may grow into a 10-trillion yuan market in the next decade, industry experts said.
Measures this year across China to rein in both speculative investments in the property sector and skyrocketing home prices appear to be "effective".
Homeowners who wish to upgrade to more spacious or better-located properties are among those most impacted by the recent tightening of China's home purchase rules.
In Beijing's Chaoyang district, Yue Shulin, 31, a real estate agent, has been "taking a break" for more than two weeks, the longest time he has ever been off work since starting his career in the industry in 2009.
By adapting its strategic plans to economies related to the Belt and Road Initiative, Taiyuan Heavy Industry Co Ltd, a heavy machine manufacturer, is confident of realizing its export target of 2 billion yuan ($289 million) this year, up from 1.36 billion yuan last year, according to its executives.
The rent for Grade A office in Beijing's Central Business District is expected to drop 15 percent by the end of 2021 as supply is expected to rise from this year, industry experts said.
One of the top leaders of the world's biggest derivatives marketplace - the Chicago Mercantile Exchange & Chicago Board of Trade - said that much greater participation from the Chinese mainland has been seen in the past two years in the global commodities and derivatives markets.
Experts have called on companies and employees to strengthen integrity management - the emerging area that advises individuals and corporations on how to apply the highest ethical standards to every aspect of their business - in relation to China's job market.
One day after saying his back was progressing, Tiger Woods had a fourth surgery to alleviate pain - effectively canceling his comeback plans for the rest of this year.
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