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It aims to build a trade, investment and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes. Last year, Chinese enterprises made .36 billion in nonfinancial direct investment in 59 countries involved in the initiative, according to official statistics.

It comes into its own in the later lunar months and are piled high on market counters right up to the end of the year.

It also announced the company will commercialize Azure Stack hybrid cloud solutions next month in China, which was provided in collaboration with hardware makers such as Dell EMC

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It has helped many developing countries improve their medical services. A shining example in this regard is a project in Ecuador.

It also comes at a time when inward foreign investment declined by 1.2 percent between January and July to 485.4 billion yuan (.9 billion) compared to the same period last year, official data highlighted.

Israel Post data shows that about 65 million cross-border e-commerce packages were delivered in Israel in 2018, and around half of which were orders from AliExpress, which is owned and operated by Alibaba Group in China.

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It added that through the local partners in Singapore, including the Info-communications Media Development Authority, Enterprise Singapore, DBS SME Banking and Singapore Chinese Chamber of Commerce and Industry, and around the Asia-Pacific region, Alibaba Cloud will provide firms of all sizes with an in-depth immersion program on doing business in China, connecting them to Chinese companies and consumers via the Alibaba ecosystem.

It also created categories such as wetland, land for agricultural infrastructure and logistics storage.

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It has also stepped up efforts to expand in North America by boosting the production capacity of large-sized TV products at its Mexico factory. Li said it is a necessity that manufacturing enterprises build an industrial chain in overseas markets.

It includes cutting the nation's annual permanent migrant intake from 190,000 to 160,000, incentivizing new migrants to live outside major cities and investing 75 billion Australian dollars ( billion) in road, rail and air infrastructure across the country.