The European Investment Bank is aiming to provide 500 million euros ($540 million) of financing in environmental and climate-related projects in China this year, while exploring co-investment opportunities with Chinese banks in overseas green projects, a senior official of the bank said on Tuesday.
China moved one step closer to reducing the number of centrally administered State-owned enterprises to 100, after Sinolight Corp agreed to merge with China Poly Group Corp.
MUMBAI - Chinese tech giant Xiaomi on Monday announced plans for its second manufacturing plant in India, which will substantially boost production rates and further the company's expansion ambitions for the country.
Japanese camera maker Canon Inc said it is stepping up its efforts to expand into the medical equipment, video surveillance and the commercial printing sector in China this year, as the Chinese market has become an important engine for the company's growth.
China plans to introduce its first regulation on making outbound direct investments later this year to clarify and define the range of overseas investments, as well as listing prohibited areas and other essential factors, according to a report by Beijing-based newspaper the Economic Information Daily on Tuesday.
NEW YORK - Chinese conglomerate HNA Group Co is leading a deal to acquire Manhattan's 245 Park Avenue for $2.21 billion, one of the highest prices ever paid for a New York skyscraper, two people with knowledge of the negotiations said.
Apple Inc is making a big push to attract mobile application developers in China, as it attempts to create new momentum in the key market.
The European Investment Bank is aiming to provide 500 million euros ($540 million) of financing in environmental and climate-related projects in China this year, while exploring co-investment opportunities with Chinese banks in overseas green projects, a senior official of the bank said on Tuesday.
E-commerce giant Alibaba Group Holding Ltd announced on Tuesday it now fully owns online ticketing platform Damai.cn.
Chinese companies are actively seeking mature technologies in Israel to bring to China to develop high-return businesses, according to the chairman of Hangzhou Wahaha Group Co Ltd.
SYDNEY - World renowned economist and coiner of the term "BRIC (Brazil, Russia, India and China)" Jim O'Neill has said China's Belt and Road Initiative could "completely transform" the global economic outlook for the better.
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