The China Structural Reform Fund led by State-owned capital joined forces with Industrial and Commercial Bank of China Beijing branch and Beijing Wealth Capital to establish a special fund in August. It aims to invest in mixed-ownership reform and the restructuring of central and local government-controlled enterprises.
The Chinese battery supplier, which has leading carmakers like Tesla, BMW and Daimler as clients, told China Daily that the new battery is capable of powering an electric vehicle for 2 million kilometers and will last 16 years. Current EV batteries can run for 250,000 kilometers and have a life span of eight years at maximum.
The Chinese have become big users of digital technology. Thanks to the rapidly developing internet sector, more consumers are enjoying shopping online.
The Chinese company has been ramping up investment in research and development over the years. In the past decade, it has spent over 100 billion yuan ( billion) in research and development. So far it has established five major research and development facilities, employing up to 20,000 engineers.
The China Committee on Religion and Peace holds a symposium commemorating the 75th anniversary of the victory of the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, Sept 7, 2020. [Photo/Chinanews.com]
The Chinese and Sri Lankan navies already enjoy close cooperation, and the partnership will be even closer in the future, he said.
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The Chinese company has more than 12,000 employees in Europe, over 70 percent of whom are hired locally, according to Huawei. In 2018, the company procured goods and services worth .3 billion from Europe.
The Chinese mainland becomes the first film market to break the 10 billion yuan mark twice in single-month box office revenue.
The China Banking Regulatory Commission will coordinate with the People's Bank of China, the nation's central bank, to form new regulations on financial institutions' asset management businesses this year, according to an official from the commission.
The Chinese mainland issued about 1.36 million patents on inventions by the end of last year, working out to about 9.8 patents per 10,000 people, according to the State Intellectual Property Office.