BRI drives accelerating Chinese-foreign enterprise cooperation -- Cooperation among Chinese and foreign enterprises have yielded fruitful results in the past five years driven by the China proposed Belt and Road Initiative (BRI), according to State Council Information Office on a recent press conference. China COSCO Shipping Corporation Limited, for example, has put many efforts in facilitating the transportation and trade development in the countries along the Belt and Road (B&R) route. China COSCO participates in 55 ports around the world, of which 17 ports, including Greece's Piraeus Port, are in the countries along the B&R route.
Deepening global cooperation to boost development of dairy industry, Yili VP -- Deepening global cooperation has become a common way for various industries, including the dairy industry, to seek further development, Zhang Yipeng, vice president with Yili Group said on November 22 at the opening ceremony of Next Summit in Hangzhou, capital city of East China's Zhejiang Province. In order to improve the quality of its dairy products, Yili Group has insisted in the concept of complementary resources, collaborative innovation, openness and win-win, Zhang added. At present, the company has more than 700 suppliers in 34 countries and regions to secure the best resources around the world for its dairy products.
Ctrip ups Japan tourism market investment via Yokohama tie-up -- China's biggest online travel agency Ctrip has inked a strategic cooperation agreement with Yokohama to boost the appeal of the Japanese city to global travelers, Chinese tourists in particular. The two sides will partner in tourism product development and destination branding among others, according to a Ctrip statement released on November 20. The move is expected to facilitate two-way travel between China and Japan and jointly develop the cross-border cultural tourism industry, according to Ctrip CEO Jane Sun. This year marks the 45th anniversary of the establishment of sister-city ties between Yokohama and Shanghai, where Ctrip is headquartered.
Chinese pharmacy TRT makes its debut in Italy to promote Chinese Medicine -- Beijing Tongrentang (Group) Co., Ltd. (TRT, 600085. SH), a famous pharmaceutical company of traditional Chinese medicine, unveiled the joint venture it established together with an Italian medical group in Italy's capital Rome on November 19, in a bid to promote traditional Chinese medicine culture. The head of the Italian medical group said that as traditional Chinese medicine culture is increasingly popular in western countries, the cooperation with TRT can promote not only resource sharing and advantage complementarity but also research cooperation on the integration of Chinese and western medicine, improving the influence of traditional Chinese medicine culture in Italy and Europe.
Jiangxi Copper reaches agreement with Antofagasta on 2019 TC/RCs -- China's leading copper producer Jiangxi Copper Corp. (600362. SH; 00358.HK) signed an agreement with Antofagasta Minerals, a Chile-based copper mining group, on 2019 copper concentrates treatment and refining charges (TC/RCs). According to the agreement, the 2019 copper concentrates TC/RCs will be 80.80 U.S. dollars per metric ton (tonne) and 8.08 cents per pound, down 1.45 U.S. dollars/tonne from that for 2018, marking the downtrend for the fourth consecutive year. The copper TC/RCs for 2015 were 107 U.S. dollars/tonne and 10.7 cents/pound.
Color Life Service (01778.HK) sets up JV in Vietnam -- Novel Era Holdings Limited, a wholly-owned subsidiary of Colour Life Service Group Co., Limited (01778. HK) entered into an cooperation agreement with the Vietnamese Phy My Hung Development Corporation to set up a joint venture (JV) in Vietnam, according to the listed company's filing to the stock exchange. Under the agreement, the JV will be engaged in the development of a cloud platform for online to offline (O2O) business in Vietnam. Upon the establishment of the JV, Novel Era and the Phy My Hung Development Corporation will, respectively, own 33.33 percent and 66.67 percent of the equity interest in the JV.
China's Shenzhen opens 1st direct flight to London -- Shenzhen Airlines on October 30 launched the first non-stop flight between the southern Chinese boom town of Shenzhen and London. The first flight on the new route took off from Shenzhen Bao'an International Airport at 2:10 p.m. on October 30, according to Shenzhen Airlines.
Chinese phone maker celebrates 100-mln-USD export milestone in Ethiopia -- Few Ethiopians have heard of Transsion, a Chinese phone maker based in Shenzhen. However, millions of Ethiopians use its mobile handset products. Two of Transsion's affordable and quality mobile brands, Tecno and Itel, are wildly popular in Ethiopia and other parts of Africa. Transsion employs 1,800 Ethiopians in its three local plants that produce around 1 million units annually.
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