Jingye has pledged to "modernize and rejuvenate" British Steel, a major manufacturer that has been hit by a number of challenges in recent years, including decreased demand following the 2008 financial crisis, lower steel prices on global markets, and the cost of new European Union climate change rules.
Jose Santiago Santa Romana, the Philippines' ambassador to China, said on Saturday that the two countries will begin bilateral consultations on the South China Sea in Beijing this week, Reuters reported.
John Morangi Omenge, the principal secretary for the State Department for Mining, delivers a speech during the CDA signing ceremony. [Photo by Liu Hongjie/chinadaily.com.cn]
Jiang said the company poured more than 1.7 billion yuan into R&D last year, which accounted for over 10 percent of its total global sales revenue.
Jingye said it plans to invest 1.2 billion pounds in British Steel during the next decade. It will upgrade the plants and machinery, improve the company's environmental performance, and boost energy-efficiency to place the operations on a more "competitive and sustainable footing".
Jin Liqun, AIIB president [Photo/Agencies]
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Jiang said staff members who work for the committee are public servants who must abide by the law.
JingChi Corp has set the goal of mass producing a fleet of up to 1,000 self-driving vehicles in 2018-one of the most ambitious production targets in China for such vehicles.
Jinan's supercomputing industry has also seen burgeoning development. The revenue of the new generation of information technology industry focusing on artificial intelligence and big data exceeded 300 billion yuan (.85 billion) in 2018, becoming an important growth driver of the city's economy.
Joint venture may start with online sales to avoid conflict with FAW-Volkswagen, Li Fusheng reports.