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Chinese enterprises made new investments in 48 countries along the Belt and Road in January and February, with investment totaling $2.72 billion, up 18.3 percent year-on-year, according to the Ministry of Commerce on Thursday.
Northwest China's Xinjiang Uygur autonomous region will exempt or reduce insurance premiums worth 6.73 billion yuan (around $946.6 million) for nearly 100,000 companies amid the novel coronavirus epidemic, local authorities said.
China Mengniu Dairy Company Limited has seen revenue grow 14.6 percent year-on-year to 79 billion yuan ($11.11 billion) and net profits increase 34.9 percent to 4.1 billion yuan, according to financial data revealed on Thursday.
To match the rapid trend of resuming work in Shanghai, the United Office Platform of Global Chambers (GCP) issued a preferential policy to provide companies who join in the GCP before the end of March with two months of free co-working office space and amenities. Welcome to contact EAcham for more details.
Financial markets across the world, particularly those in Asia and Europe, gained confidence on Wednesday as investors renewed faith that stronger government interventions may help soften economic blows from the novel coronavirus outbreak.
China's non-financial outbound direct investment grew 1.8 percent year-on-year to 107.86 billion yuan ($15.5 billion) in the first two months of this year, the Ministry of Commerce announced on Thursday.
A 125.12-kilometer-long high-speed railway in Central China's Hubei province, where the novel coronavirus outbreak began, has resumed construction work when one of the builders, the China Tiesiju Civil Engineering (CTCE) Group, first brought its workers back on the site on Monday.
China has issued more than 6,400 force majeure certificates to help companies avoid penalties for not being able to meet contractual obligations amid novel coronavirus outbreak.
Author: Producer Emilio Mendez
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