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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.
Beijing-based unit of Oaktree granted outbound investment quota
The Beijing local financial regulator has granted an outbound investment quota worth 500 million U.S. dollars to the subsidiary of Oaktree Capital Management in the capital city.
China's Hainan sees surging investments in B&R countries in 2019
The southern Chinese island province of Hainan saw its actual investment in Belt and Road countries surge 69 times year on year in 2019, according to local authorities.
China's investment in B&R countries posts stable growth in Jan.-Feb.
China's investment in countries along the Belt and Road (B&R) soared 18.3 percent year on year to 2.72 billion U.S. dollars in the first two months despite the economic fallout from the coronavirus epidemic, official data showed Thursday.
C China's Hunan to invest RMB305 bln in major project construction to ensure stable economic growth
Central China's Hunan province plans to invest 305 billion yuan in construction of 160 major projects this year in efforts to stablize the economic development, according to a teleconference recently held by the province.
China will take multi-pronged measures to keep foreign trade, investment stable
China will work to shorten the negative list on foreign investment and encourage financial institutions to increase foreign trade loans to cope with the impact of the epidemic and keep steady progress in foreign trade and investment.
China's century-old beer brand Tsingtao Brewery to expand production capacity
The Tsingtao Brewery Co., Ltd., one of China's largest breweries, began to set up smart manufacturing lines Tuesday to expand its capacity by 60,000 kiloliters per year by the end of 2020.
The Port of Genoa doubles its investments up to 2 billion euros
The great program of operations to develop the port of Genoa is going to double. The value of the planned operations raises up from 1 billion to 1.9 billion, as outlined in the agreement between the Management Committee of the Port Authority and the commissioner structure.
Weichai Power, KION Group to set up JV in E China's Shandong province
Weichai Power Co., Ltd., a leading Chinese powertrain producer, will set up a joint venture (JV) with KION Group in Jinan city, capital of east China's Shandong Province.
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