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Economic Watch: China boosts investment in key fields to buoy recovery
China has pledged more measures to scale up investments in key fields including the new type of urbanization and major projects as it logged a better-than-expected economic recovery.
EY study: More start-ups, but less money for them in Germany
The number of financial infusions for start-ups in Germany has increased lately, but the total sums involved have declined, according to a study presented on Monday by the auditing and consulting concern Ernst & Young (EY).
Billions needed for electric car recharging network, federation says
Germany's Bundesverband eMobilitaet (federation for electro-mobility) says that billions' of euros in investments will be needed in the years ahead to set up a comprehensive nationwide battery recharging network.
Over 8 bln U.S. dollars of foreign investment used in China's FTZs
China's 18 pilot free trade zones (FTZs) used a total of 60.25 billion yuan (about 8.61 billion U.S. dollars) of foreign investment in the first five months this year, the Ministry of Commerce (MOC) said Friday.
China accelerates investment in satellite Internet industry
Chinese cities have been accelerating investment in satellite Internet industry since the strategic emerging sector was added in the list of new infrastructure in April.
S. China's Guangxi Dongxing zone sees 5 projects inked, with over RMB50 bln inv't
Guangxi Dongxing National Key Experimental Zone for Development and Opening-up saw five projects signed, with a total investment of more than 50 billion yuan (about 7.06 billion U.S. dollars) in Nanning, capital of south China's Guangxi Zhuang Autonomous Region on Sunday.
China likely to see faster economic recovery in H2 of 2020, institutions
China's economy is likely to revive in the second half of this year, with growth rate expected to return to the pre-epidemic level, according to the economic forecast released by institutions recently.
SW. China's Sichuan launches 416 modern service projects with total inv't demand approaching to RMB 1.48 trln
Sichuan Province in southwest China on Tuesday released 416 modern service projects at a summit on the development of the modern service industry in the province, and the total investment demand for these projects is nearly 1.48 trillion yuan, reported Sichuan Daily Wednesday.
Alibaba to invest RMB10 bln in AIoT
Chinese tech giant Alibaba announced on Wednesday that it would invest 10 billion yuan this year in the artificial intelligence (AI) plus Internet of Things (IoT) ecosystem centered around its smart speaker brand Tmall Genie.
BMW reins in investments as coronavirus crisis curbs profit
BMW's profits stagnated in the first quarter of 2020, as the heavy costs on the auto industry doled out by the coronavirus pandemic forced the German carmaker to significantly roll back investments.
Shanghai to invest 270 bln yuan in "new infrastructure" in next 3 years
Shanghai is expected to invest a total of around 270 billion yuan (about 38.1 billion U.S. dollars) in its first batch of 48 major "new infrastructure" projects in the next three years, local authorities said Thursday.
China's trade unions up funds for workers in difficulties amid epidemic
The All-China Federation of Trade Unions (ACFTU) has ratcheted up financial support on Thursday for workers in difficult circumstances amid the COVID-19 epidemic in regions including Hubei Province.
Regional headquarters projects of 18 multinational corporations inked in Pudong, China
Pudong, a district in east China's Shanghai, saw regional headquarters projects with intention of 18 multinational companies inked on Wednesday at a conference of boosting high-quality development of the headquarters economy in the area.
Chinese intelligent terminal distributor Aisidi to introduce Alibaba as strategic investor
Chinese intelligent terminal distributor Shenzhen Aisidi Co., Ltd. (Aisidi, 002416.SZ) announced on Sunday that it mulls to introduce the tech giant Alibaba Group as a strategic investor through non-public offering to further improve its overall strength.
ExxonMobil breaks ground on multibillion-dollar chemical complex in China
Multinational oil and gas corporation ExxonMobil Wednesday broke ground on its solely-funded chemical complex in Huizhou, southern China's Guangdong Province.
Roundup: Israeli businessmen see cooperation oppotunities with China amid COVID-19 pandemic
Since the COVID-19 epidemic broke out in Israel in mid-March, the country's economy has slowed down significantly as international flights are halted and most domestic economic activities suspended.
Spotlight: China's economy expected to recover in Q2 amid COVID-19: experts
China's economy is expected to recover in the second quarter after shrinking in the first quarter amid the COVID-19 pandemic, experts said Tuesday.
China increases issuance of special bonds to stabilize inv't amid epidemic
China has recently rolled out a slew of measures at both central and local levels to increase and expedite issuance of local government special bonds to further expand investment and boost economic growth, reported Economic Information Daily Tuesday.
Tianjin inks major investment projects online
Authorities have inked 116 major investment projects online in a cloud contract signing event Wednesday in north China's Tianjin Municipality.
China pledges wider opening-up to mitigate virus impact on foreign trade, investment
China will seek further opening-up and upgrade of foreign trade and investment, the hardest-hit sectors amid the global pandemic of COVID-19, to offset its economic shock, according to Zhong Shan, the country's commerce minister.
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