The largest proposed investment comes from Nio, an electric vehicle startup that said it intends to spend 16.6 billion yuan in the research and development of electric, smart, internet-connected and lightweight cars. French sporting goods retailer Decathlon is also slated to set up a sports equipment headquarters in Shanghai with an estimated investment of 1 billion yuan, while Japanese pharmaceutical company Takeda plans to add another 809 million yuan to its Shanghai operations. Takeda is also on course to introduce seven new medicines to the Chinese market over the next five years.
The latest NBS data showed that the purchasing managers' index for China's manufacturing sector rose to 51.1 in July from 50.9 in June, the fifth month in a row that the figure remained in the expansion territory.
The latest such instance are some final qualifying rounds for boxing at the Tokyo Games. These were suspended on Monday.
The latest regulatory upgrades include the introduction of a new committee on financial stability and development, announced during the two-day National Financial Work Conference in July.
The lake typically enters a five-month freezing period starting in mid-December, and is completely frozen by mid-January. However, since 2004, the lake is gradually taking longer to freeze over due to an overall rise in temperature around the region, according to institute data.
The larger goal is to accelerate the progress of sustainable development, they said.
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The joint venture has more than a decade of experience in car manufacturing, with more than 5 million vehicles having rolled off its assembly lines since its establishment in 2002.
The investment needs will be large due to the initiative's sheer size, according to World Bank President Jim Yong Kim at the forum, who said that the benefits of the initiative were broader than one project or country.
The latest data from Germany's Federal Statistical Office showed that in 2018, the country imported 17,720 tons of Christmas items worth around 143 million euros (9 million). Nearly three quarters of the items were from China.
The internet sectors of China and the United States are well-matched in strength. There are four Chinese internet companies and six American internet companies in the top 10 list worldwide.