Chinese oil and gas giant Petro-China's partnering with some of the world's biggest energy companies to launch a new crude oil futures exchange in the Middle East, is an important move for the company to better leverage the international crude oil trading mechanism to gain profits and hedge losses, analysts said.
China's market volume of prescription drug sales non-hospital is estimated to reach 250 billion yuan ($35.6 billion) by 2020 thanks to the country's medical reforms, industry experts said.
China's next big wave of consumption is likely to occur in the lower-tier cities, as consumers living there put more emphasis on high-quality and imported products, along with improvements in living standards and rising disposable incomes.
As e-commerce development in China's first-and second-tier cities nears a plateau, young people in the nation's smaller cities and towns are shaping up to be the next impetus driving growth.
Over the next 20 years, joint venture partners Avicopter, the helicopter branch of State-owned aircraft giant Aviation Industry Corp of China, and Airbus Helicopters, the French aircraft-maker's subsidiary, expect to sell about 800 to 1,000 AC352 choppers worldwide, including 300 in China, with profits to be split equally.
Chinese companies and financial institutions are making remarkable contributions to fostering sustainable and eco-friendly economic growth in the Middle East and Africa, said Standard Chartered executives.
NEW YORK - When Zhao Yong was pursuing his PhD at Yale University in the early 2010s, he was frustrated to learn that some local Chinese restaurants he frequented would no longer be there in the near future due to low profit margins and increasing labor costs.
FUZHOU - Lin Ming, 48, developed the habit of studying the map of Indonesia ever since he first set foot in the sprawling archipelago 20 years ago.
When it was announced in October that Abhijit Banerjee, Esther Duflo, and Michael Kremer had won the 2019 Nobel Prize in economics for their experimental work in alleviating global poverty, I eagerly turned to reading their works, hoping to glean policy recommendations about steps governments should take.
In recent years, despite elevating economic instability around the world, China's economic performance has remained buoyant, with the market enjoying continued steady growth.
In Jiabi village it seems that the sisterhood holds up at least half the sky, and a fair amount below it as well.
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Raymond Zhou
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