The country will open its doors wider to foreign investors and further liberalize and facilitate trade and investment, Premier Li Keqiang said Monday when delivering the government work report in front of thousands of lawmakers and political advisors.
The consolidation makes CNBM the largest comprehensive group in the building materials industry, with total assets of 550 billion yuan (.3 billion). CNBM also leads the world in production capacity of glass fiber and gypsum board.
The country has been a top destination of foreign direct investment (known as FDI), with accumulated FDI between 1979 and 2017 approaching .90 trillion, the largest among developing nations.
The construction site, located in Lujiazui Business District, has an area of 40,590 square meters and the building will have two floors at basement level and four floors above ground, with a total height of 30 meters.
The countries reiterated that the Belt and Road Initiative is a win-win model for international cooperation and will provide new opportunities for economic development and prosperity. The corridor is on a fast track and plays a vital role in Belt and Road cooperation, the declaration said.
The country encourages export-oriented firms to flexibly use policy tools like export credit insurance to develop their business, a circular unveiled by the ministry and China Export and Credit Insurance Corp said late Friday.
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The confidence index stood at 48.9 in May, down three percent month-on-month, compared with an 8 percent drop in April, according to China Securities Investor Protection Fund Corp.
The contract for settlement in December 2020 closed 0.12 percent higher at 100.39 yuan. The contract for settlement in March 2021 closed 0.1 percent higher at 99.98 yuan.
The country will also further promote the expo's role as a major platform for international trade, investment promotion, cultural exchange and open cooperation.
The country will also strengthen supervision over fundraising activities of large property developers with high leverage, and properly control the scale of interest-bearing liabilities and the asset-liability ratios of such companies.