The Chinese home appliance market is almost saturated, so domestic makers are looking overseas to find new business growth points, Zhang explained. "The acquisition will allow the Chinese company to obtain local customers quickly and reduce production costs."
The Chengdu-Urumqi-Tilburg train departs Urumqi for its first run in December, 2017. [Photo/uetd.gov.cn]
The Chinese government has vowed to remove foreign ownership restrictions in the securities, fund management, futures and life insurance industries next year.
The CSRC statement said the bill, if enacted into law, would harm the interests of both China and the US. "While impeding foreign issuers from listing in the US, it would also undermine global investors' confidence in the US capital markets."
The China branch of French pharmaceutical company Servier and China's pharmacy company Yixintang Pharmaceutical Group Co announced Monday that they have formed a strategic partnership for "resource sharing and mutual benefits", to provide high-quality and innovative medicine products from Servier China to patients in provinces and regions covered by Yixintang.
The Chinese Academy of Sciences has established two research stations on Yongshu and Zhubi islands in the South China Sea to allow scientists to live and conduct field studies on ecology, geology and environment.
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The China Banking and Insurance Regulatory Commission's Zhejiang office said banks should make prudent decisions on whether to issue loans to small businesses-with a total credit line of up to 10 million yuan (.45 million) per borrower-that are already served by more than three banks.
The Chinese embassy in Kyrgyzstan was hit by a suicide attacker in August, with the lone assailant killed and five others injured.
The China-made advanced equipment and system have performed well around the world, namely, in the Palestine-Israel border, the English Channel and the Port of Hamburg in German, and at major international events, such as Olympic Games in Beijing and Brazi's Rio, G20 summit in China's Hangzhou and World Expo in Milan, Italy.
The Chinese mainland market, which has grown for 11 consecutive years, is the second-largest for the WSET, after the United Kingdom. In the 2018-19 academic year, 18,206 Chinese candidates sat for a WSET certificate, a rise of 20 percent on the previous year.