SOFIA, Bulgaria - Europe should build business bridges with China, especially in the high-tech sector, and benefit from the Belt and Road Initiative, a Bulgarian entrepreneur has said.
Standard Chartered Plc said on Monday it will increase investments in China this year with a focus on digital banking, wealth management and its renminbi business while seeking to partner up with the Chinese side under the Belt and Road Initiative, the group's chairman said.
China's economy is very resilient and it need not worry about its current growth slowdown, said Paul Romer, chief economist of the World Bank. He also suggested that China should share its growth experiences with other developing countries to help them emulate its economic success.
Share prices of China Shenhua Energy Co Ltd - the country's biggest coal producer - surged 16.28 percent to close at HK$19.14 ($2.46) in Hong Kong on Monday, outperforming the city's benchmark Hang Seng Index which gained 0.79 percent to 24,502 points, after a major leap in earnings for last year was reported.
BEIJING - Chinese stocks fluctuated and struggled to end the trading day in positive territory on Monday, with the benchmark Shanghai Composite Index up 0.41 percent to 3,250.81 points. The smaller Shenzhen index closed 0.16 percent higher at 10,532.33 points. The ChiNext Index, which tracks China's high-growth enterprises, gained 0.21 percent to close at 1,953.82 points.
Ping An Bank said it will step up efforts to control nonperforming assets and strengthen risk management this year, by enhancing loan-providing thresholds and imposing limit management measures on highly risky industries.
Microsoft Corp has developed the first version of a China-customized Windows 10 operating system and is now in a good position to serve local governments and State-owned enterprises, said Alain Crozier, CEO of Microsoft Greater China.
The chairman of Robert Bosch GmbH, the German mobility, industry and software conglomerate, said on Monday that his group would develop solutions for all spheres of the internet of things in China amid the country's consumption upgrading boom - including further investing in new plants this year.
The world's largest oil producer Saudi Arabian Oil Co, also known as Saudi Aramco, is set to continue beefing up investment in China's integrated downstream to further bolster its presence in the world's second-largest economy, its President and Chief Executive Officer Amin Nasser said.
China moved one step closer to merging two of its nuclear power developers, as the country drives through consolidation in many of its State-owned enterprises, including the railways, shipping, nonferrous metals, construction materials and steel sectors.
China must develop new services and products that address the latest trends in domestic consumer needs, and foster innovation to make manufacturing more efficient to compete with global rivals, the head of a global consulting firm said on Monday.
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