Chinese-made electric taxis unveiled inBrazil --Electric taxis manufactured by Chinese vehicle maker BYD were unveiled in BeloHorizonte, capital of Brazil's southeast state of Minas Gerais and would beginto circulate in the next few days. The Chinese-made environment-friendly taxis,which can travel up to 400 kilometers on a single battery charge, have 110horsepower, equal to a standard car running on fossil fuel.
China equips 15 medical institutions inKyrgyzstan with communication equipment -- The government of Urumqi of the XinjiangUyghur Autonomous Region (XUAR) in northwestern China financed the installationof telemedicine equipment for 15 health organizations in Kyrgyzstan, the pressservice of the Ministry of Health reported on July 14. Within the framework ofthe Cross-Border Remote Medical Service Platform project, representatives ofmedical institutions of the two countries conducted test consultations onmedicine by video communication. To implement this project, the Chinese sideprovided the regional medical institutions of Kyrgyzstan with computer andnetwork equipment.
China's Sany partners with Malaysianfirm for construction plant -- China's Sany Group, a global construction equipment maker, announcedits partnership with Malaysian construction company ML Global on July 17, whichwill see the two set up a joint venture (JV) to make precast concrete panels.According to a memorandum of understanding signed between the two parties, Sanywill hold 49 percent while ML will hold 51 percent in the JV.
Jaguar Land Rover to build SUV model inChina -- Britishautomaker Jaguar Land Rover has announced it will build its new E-PACE compactSUV in Austria and China. The company said its plants in the United Kingdom areclose to full capacity, and it expects there will be high demand for thefive-seat E-PACE after the F-PACE performance SUV became the fastest-sellingcar in the company's history, with 80,000 sold so far this year.
Sino-German digital summit held inHamburg -- ASino-German digital summit was held on July 11, with some 200 officials andbusinessmen from China and Germany gathering here to discuss the latest trendof digitalization in both countries and deeper cooperation in the related fields.The summit was a follow-up event to the G20 summit held in Hamburg on July 7-8,which had included digitalization as one of its major topics.（Source: ChinaDaily）
Chinese consortium acquires Singaporewarehouse giant in 12-bln-USD buyout -- A Chinese consortium announced on July 14it will buy Singaporean warehouse operator Global Logistic Properties (GLP) for15.9 billion Singapore dollars (about 11.6 billion U.S. dollars). Theconsortium includes Shenzhen-based real estate developer Vanke, GLP CEO Ming Z.Mei, private equity firms Hillhouse Capital Management and Hopu InvestmentManagement, and Bank of China Group Investment. The consortium agreed to pay3.38 Singapore dollars a share for the Singapore Exchange-listed GLP. The dealneeds further approval from a GLP shareholders' meeting and the Singaporeanregulator.
Temasek to invest more in China'sconsumer sectors --Singapore's state-owned investment firm Temasek Holdings Pte Ltd is optimisticabout the world's second biggest economy and it plans to bet more onconsumer-related sectors in China, two of its leading executives said. WuYibing, joint China head, said Temasek is targeting sectors such as healthcare,tourism, and education that will benefit from the rise of the Chinese middleclass and the rebalance of the economy toward consumption and service-drivenone.
China's Tencent to brief Namibia onEarth exploration program -- A delegation from China's tech giant Tencent as well as tech-supportexperts will be in Windhoek, Namibia to brief the country on its Earthexploration program, QQ Project X, on July 21. Namibia was selected as one oftwo countries for the 2017 edition of the QQ Project X by Tencent. EarthExplorers selected to take part in the project will undertake explorationmissions and share their experience on the Internet. According to Namibia'sMinistry of Information and Technology, the project will essentially involve 15Chinese youth volunteers travelling to Namibia and filming the sky andbroadcasting.
Ping An’s LUFAX opens business inSingapore --China’s Ping An Insurance (Group) Company of China, Limited announced on July17 that Lu International Financial Asset Exchange (Singapore) Co., Ltd. hadobtained Capital Market Securities (CMS) License in Singapore, approved by MonetaryAuthority of Singapore (MAS). As an international business platform of ShanghaiLujiazui International Financial Asset Exchange Co., Ltd (LUFAX) under a flagof Ping An, LU International has already started operations in Singapore andwill be unveiled officially next month.
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