Gearing up for four new events at the 2020 Tokyo Olympics, China's top sports body is hoping to draft overseas athletes of Chinese origin to represent their motherland in areas where China lacks athletic prowess.
German premium carmaker Audi is launching a sustainability campaign in China, that includes slashing emissions at its plants as well as enriching its lineup of electric models, according to the top executive of the carmaker's operations in China.
Given the need to contain financial risks associated with high leverage and to support the real economy more effectively, China's leaders and regulators have paid what analysts called "unprecedented attention" to pushing ahead the development of equity markets and direct financing since late 2018.
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Given the slower economic growth disrupted by COVID-19 globally, many countries will face a recession this year, an unprecedented situation in modern times. This predicament will also lead to deteriorated credit quality and lower banking profits, analysts said.
Germany, Maas said, appreciates China's moves to further open its markets and cut tariffs, which will help facilitate trade between the two countries, he said.
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German tech giant SAP announced on Wednesday that it will donate software products and supporting services valued at more than 15 million yuan (.14 million) to help small and medium-sized enterprises in Hubei, the epicenter of the novel coronavirus outbreak in China, to establish a digital system and realize post-disaster reconstruction.
Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, said the trade war has damaged business confidence, cutting into capital expenditures.
Geely is one of the fastest growing carmakers in China. It sold 1.09 million Geely-branded cars in the first 11 months of the year, up 66 percent year-on-year and its Volvo Car Group sold 513,051 cars, an increase of 8.3 percent over the same period last year.
Getting to the starting point of the tour was half the journey. I took the bus, and was dropped off at an intersection where I had no bearings. One thing I noticed, however, was at a certain point the people around me all began carrying the same blue lanyard attached to the same ID cards. Some were carrying Amazon-logoed backpacks. At least I knew I was in the right general area.