Input in research and development in China today takes up more share of GDP than the UK. Meanwhile, the government has stipulated the goal in the 13th Five-Year Plan that the ratio of R&D input in GDP must reach 2.5 percent by 2020. Therefore, UBS predicts that China is likely to surpass the US in terms of the overall scale of research and development investment by 2019.
Iran has vowed to withstand the US "bullying policies".
International SOS assesses risks in advance, then provides prevention suggestions, and offers assistance when clients face risks, in order to help Chinese firms developing overseas business to ensure their staff's personal safety and to ensure business continuity, according to Williams.
Investment bank UBS believes the initiative will feed the growth of China's solar energy industry, which is likely to be worth .5 billion per year. According to UBS, government support will help lead the country's solar power generating capacity to 225 gigawatts by 2020, beating the consensus forecast of 150 GW.
Initiated by China Railway Corp, the national railway operator, the committee was jointly established by six enterprises, including China Railway Container Transport, China COSCO Shipping Lines and Beibu Gulf Port Group. The participants are industry leaders in railway, port and logistics.
Iranian President Hassan Rouhani shakes hands with Japan's Prime Minister Shinzo Abe during a welcome ceremony in Tehran, Iran, June 12, 2019. [Photo/Agencies]
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Investment from the United States' private sector exhibited strong momentum, with contract value climbing 1.3 times to reach .03 billion, whereas the actual use of foreign capital soared 29.6 percent from a year earlier to 3 million, said Tang Huihao, deputy chief of the bureau.
Invited by Russian President Vladimir Putin, German President Frank-Walter Steinmeier and Chancellor Angela Merkel, Xi paid state visits to the two countries from July 3 to 6, and attended the G20 Hamburg summit from July 7 to 8.
Investors monitor stock prices at a brokerage in Nanjing, Jiangsu province. [Photo provided to China Daily]
Ireland is a major food exporter in the world. Its food exports to China were valued at 5.78 billion yuan in 2018, up 6 percent year-on-year. The European country's food exports to China jumped by 17 percent year-on-year in value terms to 4.66 billion yuan in the first eight months of 2019, data from Ireland's Department of Agriculture, Food and the Marine show.