SOFIA, Bulgaria - Europe should build business bridges with China, especially in the high-tech sector, to benefit from the Belt and Road Initiative, a Bulgarian entrepreneur says.
The European Investment Bank aims to provide 500 million euros ($540 million; 467.3 million) of finance for environment and climate-related projects in China this year.
Housing curbs by Beijing and three major cities are part of a larger effort to rein in China's real estate industry where home prices tended to skyrocket of late, threatening to create a property bubble, experts say.
In 2007, China's Wengfu (Group) Co achieved what was then truly extraordinary - the State-owned phosphorus and chemicals manufacturer outplayed many European and US counterparts to win the bid for what was then the world's largest mineral-processing project in Saudi Arabia.
The chairman of Robert Bosch GmbH, the German mobility, industry and software conglomerate, said on March 20 that his group would develop solutions for all spheres of the internet of things in China amid the country's push for more consumption - including investing in more new plants this year.
Chinese companies in the short-term car-sharing business are facing the risk of insufficient cash flows, as they relying heavily on funding while burning bank notes for vehicles and car plates, industry insiders say.
Positive 2016 sales results have given Volkswagen Group new momentum, thanks to its speedy expansion in the Chinese market. But the automaker also reported shrinking profits as heated competition dragged down prices.
Standard Chartered will increase investments in China this year with a focus on digital banking, wealth management and its renminbi business, while seeking to partner with the Chinese side under the Belt and Road Initiative, the group's chairman said on March 20.
Asia's biggest oil refiner China Petrochemical Corp, known as Sinopec, said on Wednesday it had nailed an agreement to acquire a refinery and key assets of Chevron South Africa and Chevron Botswana for about $900 million.
For Australian entrepreneur Kevin Zhang, the Belt and Road Initiative means huge potential for the expansion of his hotel business in China.
Chinese internet services provider Tencent Holdings Ltd posted a hefty increase in net profits for 2016, citing its strategy to connect its online services as the main success driver.
The newly released property purchasing policy in Beijing is likely to cause terminations on existing contracts and help cool down the capital's property market, according to industry insiders.
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