The Chinese economy grew by 6.3 percent in the first half, versus 6.6 percent for the whole year in 2018, officials said. Economic activities remained stable but cooled down slightly in July and August with slower growth in industrial output.
The Chinese economy has entered a new phase of transitioning from high-speed growth to high quality development, operating within a proper range and maintaining overall stability and continued progress, he added.
The Chinese economy may start to bottom out next year thanks to an expected rise in private investment, Li said.
The Chinese Navy has only one aircraft carrier, the Liaoning, a refitted Soviet-era ship. The Liaoning battle group has conducted several open-sea training exercises since the carrier was delivered to the Navy in late 2012. However, the group has been restrained in terms of long-range operational capability because of the absence of large, fast replenishment ships, military analysts said.
The China-Japan Cooperation Fund's scale is expected to be billion. Other similar investment mechanisms, including the 1 billion euro (.13 billion) China-France fund, is under preparation, said Tu. "We are also considering transferring part of the bilateral funds into the Belt and Road fund."
The Chinese government will also continue to cut red tape, delegate power and improve its services to business and create a market environment that guarantees fair competition and equal treatment for Chinese and foreign enterprises, he said.
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The China-Laos railway, for instance, is expected to start operating in 2021. With the railway, it will only take about three hours to travel from Mohan, Yunnan province, to the Vientiane, Laos. The same route by car would take about 16 hours.
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 government has launched a series of measures for further reform and opening-up, such as the newly adopted Foreign Investment Law.
The China market is the single largest contributor to Covestro's global sales. The company, formerly known as Bayer Material Science, expects to boost its total global sales via online channels to 1 billion euros (.17 billion), by the end of 2019, said Markus Steilemann, its CEO.