The Chinese currency weakened nearly 500 basis points to 6.73 on July 7. It was the eighth successive trading-day drop, according to the China Foreign Exchange Trade System.
The China-US relationship is preferably one of partners rather than adversaries, said top Chinese envoy to Washington Cui Tiankai, who also said the reunification of the two Koreas is up to the Korean people.
The Chinese carmaker said it had signed an acquisition deal over the weekend in a filing to the Shenzhen Stock Exchange on Monday. It did not disclose details about the acquisition cost or the time-frame for the deal, but said the investment is unlikely to have a significant impact on its earnings in 2018.
The Chinese branch of Takeda, a Japanese pharmaceutical company that entered China in 1994, is using smart technology at CIIE to deliver the message that it is patient-focused, innovation-driven and a global player.
The Chinese economy has maintained a momentum of steady and sound growth this year. The first quarter saw 6.9% growth with marked improvement in economic performance, and major economic indicators have continued to move in a positive direction in the second quarter. Power generation, freight volume and new business orders have increased notably. Profits of industrial companies above the designated scale have increased at double-digit rates. Foreign exchange reserves have started to grow again, and the RMB exchange rate has been basically stable. In particular, employment has been strong with surveyed unemployment rate for urban areas falling to 4.91% in May, the lowest level in years. Citing the growing strength of new drivers and steady progress in economic rebalancing in China, a number of international organizations and research institutions have recently revised up China's growth forecasts, reflecting optimistic market expectations.
The China Commodities City in Yiwu, the world's largest small commodity market, registered a turnover totaling more than 120 billion yuan last year, up 10.9 percent.
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The China Mining Association estimates there will be about 10,000 people from 50 countries to attend the conference and exhibition.
The China International Import Expo offers an excellent platform for multinational medical device companies to demonstrate their cutting-edge technologies and products, according to executives.
The Chinese government has intensified efforts to fight pollution and use more clean energy.
The Chinese government has made green development one of its major policy priorities.