Liu was in one the first groups of pioneering Chinese entrepreneurs who ventured out to start businesses in the 1980s. Liu and several fellow scientists from the Chinese Academy of Sciences, a leading think-tank, founded Lenovo in 1984. After its acquisition of IBM's PC business in 2004, the company thrived and became the world's largest PC maker, maintaining the title for many years.
London-based hedge fund manager Winton Group Ltd said it will launch a futures fund in China within two months, reflecting its optimism about the nation's asset management market.
Livestock wander on the grasslands in Daur Autonomous Banner, Morin Dawa, North China's Inner Mongolia autonomous region. [Photo by Jiang Xiwu/chinadaily.com.cn]
Local young people will be the first to benefit. Angus Ng Hok-ming, executive president of the Guangdong-Hong Kong-Macao Greater Bay Area Youth Association, said he believes that relaxing the purchase restriction provides a way to ease the plight of Hong Kong youth caused by the city’s staggering housing prices.
Local govts to seek new financing channels amid tighter regulation
Looking ahead, restrictions imposed on the manufacturing sector in winter, which is seasonal, may drag down the growth pace of the industrial sector a little in October, according to Liang Hong, chief economist with the China International Capital Corporation.
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Located on the Yunnan-Guizhou Plateau, the province has seen an uneven and lesser amount of precipitation this year. The drought is estimated to continue till the rainy season in early summer.
Local departments were asked to refrain from administrative intervention, according to the NDRC.
Living environment
Logicor, based in London, owns about 13.7 million square meters of logistical space across Europe, rented to companies including Amazon.com Inc and DHL Worldwide Express.