Japanese automaker Toyota announced on Friday that it will set up a Beijing-based joint venture with five Chinese companies to develop hydrogen fuel cell solutions for commercial vehicles in the world's largest auto market.
Japan's Foreign Minister Taro Kono speaks at a news conference in Tokyo, Japan, August 3, 2017. [Photo/Agencies]
JP Morgan (China)'s senior economist Grace Ng told a banking conference in Kuala Lumpur that the macro backdrop for RMB has been gradually improving as the global economy is starting to improve and the greenback is expected to stay weak.
Jason Pau (right), the senior adviser for international programs for the Jack Ma Foundation and Sam Gichuru (left), the founder and chief executive officer of Nailab, during a press briefing in Nairobi, Kenya on Aug 16, 2019, to give an update on the Africa Netpreneur Prize Initiative. Liu Hongjie/China Daily
January and February are traditional off-season months for the real estate market, but cash flow problems are becoming more troublesome as the epidemic spreads across the country. Ding Zuyu, CEO of E-House, said cash flow was the biggest risk enterprises face. "If there was no sales, cash flow pressure would be undoubtedly huge, especially for small and medium-sized corporations. Tightening funding and the pressure of being merged made the companies' outlook seem gloomy," he said.
JOHANNESBURG - Chinese President Xi Jinping on Thursday urged BRICS countries to fully explore their potential in cultural and people-to-people exchanges at the Plenary Session of the BRICS Johannesburg Summit.
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Ji, also vice-chairman of the National People's Congress Standing Committee, was in Brasilia to attend Bolsonaro's inauguration.
Japan, the US, Thailand, Australia and South Korea are the most popular outbound destinations for Chinese guests. The average length of stay for outbound travel is four days, which is higher than the domestic travel.
Japanese automaker hopes to build off record numbers in 2019, despite downturn in market
Jiang Chao, chief economist of Haitong International Securities, wrote in a research note that infrastructure spending is expected to recover in the second half thanks to measures policymakers recently rolled out.