Microsoft Corp had also announced this week that it will set up an arm of its Asian research house in Shanghai later this year to support the city's ambition to groom more AI talents.
Money laundering and terror financing targeted
Mixed signals emanating from the latest purchasing manager's index have indicated the "fragile" beginning of a potential major recovery of China's manufacturing sector, analysts said on Friday.
Modi congratulated Xi on the summit's success, saying it has great significance for the BRICS cooperation in the current economic situation.
Moody's Investors Service, a global credit ratings agency, said in a report that during the first eight months of this year, new lending rose by 25 percent on a yearly basis to 15.1 trillion yuan. Formal bank lending will continue to dominate new credit supply, the ratings agency said, adding that banks would continue to maintain a strong flow of long-term credit to corporates in line with the government's policy of providing adequate support to businesses and investment.
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Momentum in manufacturing returning to pre-pandemic levels, say experts
Microsoft’s Ben Rudolph, a.k.a. Ben the PC Guy
Michigan Governor Rick Snyder said that China is an "important and viable market for a wide range of products and services. This event will open doors for Michigan businesses, farmers and entrepreneurs by helping them identify and enter into new relationships there".
Microsoft continued to post an anemic return, up just 2.9 percent in 2012, with many using that performance as ammunition in their arguments that CEO Steve Ballmer should go.