During the recent Beijing Week event in Tokyo, a celebration of the 40th anniversary of the sister-city relationship between the two cities, business communities from both sides reaped a well-earned harvest.
Many Chinese companies in the process of industrial upgrading are eager to learn how Weichai Group, a heavy-duty engines manufacturer once on the verge of bankruptcy, managed to come back from the brink and transform itself into an international company with an annual sales revenue of 230 billion yuan ($33.29 billion).
Partnerships with leading investment companies have ensured Weifang Hi-Tech Industrial Development Zone can more effectively identify industrial leaders, which officials believe to be the main forces to support the zone's long-term development.
Weifang Hi-Tech Industrial Development Zone celebrated the groundbreaking of a healthcare industrial park with a total investment of 3.85 billion yuan ($555.94 million) on June 12.
East China's Fujian province has vowed to develop the region into a preferred destination for Taiwan residents and businesses on the Chinese mainland.
The ongoing 11th Straits Forum, which opened on June 15 in Fujian's Xiamen, will help to promote people-to-people exchanges and deepen cross-Straits integrated development, officials said.
Fujian province is reaping the rewards of applying a range of measures aimed at improving the natural environment, upgrading local industries and further opening-up to the outside world.
The ongoing 2019 South and Southeast Asia Commodity Expo and Investment Fair is expected to create an effective platform for regional cooperation, said a senior official of Yunnan province.
This year is the 70th anniversary of the founding of the People's Republic of China and the sixth anniversary of the proposal of the Belt and Road Initiative.
In addition to its central function of highlighting commodities and opportunities for trade and investment, the ongoing South and Southeast Asia Commodity Expo and Investment Fair has proved to be a comprehensive platform for exchanges in many areas.
China's auto dealers are likely to face more pressure in June because of weaker demand compounded by the earlier-than-expected adoption of tougher emissions standards in some regions, according to a leading industry association.
Chinese new energy vehicle startup Aiways is set to acquire part of Jiangling Holdings' equity in exchange for investing 1.75 billion yuan ($252.65 million). It is believed by insiders to be a solution to help the startup get a production qualification.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
