The China Transportation Services Index (CTSI) stood at 176.6 points last month, up 4 percent year-on-year, according to the China Academy of Transportation Sciences.
The Chinese investments for the acquisition of majority stakes in Italian SMEs seems to impact positively on their financial profile. The remarkable benefits on the financial and capital structure of the Italian companies are already clear one year after the entry of the new Chinese majority shareholders; these are the main results coming from analysis carried out on a sample of Italian SMEs acquired by Chinese groups. These companies experienced a reduction of their financial leverage (measured by the ratio net financial debt (NFD) to EBITDA) down to 1.9x one year after the acquisition year from 5.7x in the pre-acquisition year. Likewise, the NFD to equity ratio improved to 0.5x from 1.9x. The financial benefits stemming from the entry of Chinese investors into Italian SMEs are primarily attributable to the injection of new financial resources that enabled the strengthening of the companies’ equity and the simultaneous reduction of the financial debt.
The Chinese Embassy in the UK has lodged solemn representation to the UK police and the Foreign, Commonwealth and Development Office, urging the UK side to make swift investigation and bring the perpetrators to justice at an early date. The Chinese Embassy in the UK also urges the UK side to take concrete measures to fulfill its responsibilities and obligations under the Vienna Convention on Diplomatic Relations as the receiving state, safeguard the inviolability of diplomatic and consular missions, and ensure the security, safety and dignity of the premises and staff of the Chinese Embassy and Consulates-General in the UK.
The China Foreign Exchange Trade System, a public institution under China's central bank, said on May 26 that the country was considering a change in formula for the yuan-dollar central parity rate to curb volatility.
The CSRF, a venture that aims to establish a sub-fund to support State-owned enterprises' reorganization, is China's biggest investment fund raised from SOEs.
The China Women's Development Foundation partners with China Construction Bank to send medical vehicles to provide medical services to women in poverty-stricken areas. [Photo/www.chinanews.com]
黄石精神卫生中心医院
The Chinese mainland adheres to the one-China policy, firmly fights any attempt at "Taiwan independence", and continuously promotes economic and cultural exchanges, An said.
The China-Europe freight train service, a major platform for the Belt and Road Initiative, has given a strong boost to foreign trade growth in Chengdu, said Wang Zhichao, president of the Sichuan Logistics Industry Research Institute.
The China-Israel Innovation Hub was launched at Taopu Smart City in Shanghai's Putuo District on Sunday, underlining the two nations' goals of strengthening their scientific and innovative cooperation.
The Chinese and Australian national flags on a celebration event in Sydney, Australia, September 8, 2019. [Photo/Xinhua]