China has suggested reducing control over fluctuations of the yuan’s exchange rate, stepping up efforts to allow the yuan to float freely against other currencies, according to a report by a leading think tank on Saturday.
More businesses should get on board the direct railway link connecting Tilburg in the Netherlands and the Chinese city of Chengdu.
Chinese and EU think tanks have urged a fresh bilateral investment treaty, or BIT, between China and European Union members.
The Belt and Road Initiative will benefit retail sector in all countries and regions involved in the initiative after development of infrastructure, telecommunications services and expanding applications of payment technologies, said a report by consultancy services provider PwC released Friday afternoon in Shanghai.
Kenya and China on Thursday signed an agreement on the avoidance of double taxation that aims to boost bilateral commercial ties.
China’s Belt and Road Initiative, if linking up with trans-European networks, will offer new opportunities for both European and Chinese companies.
Unilateralism shown by some countries has posed an “unprecedented challenge” to global trade, a Chinese commerce official said.
China’s economic outlook in the lead-up to the 19th National Congress of the Communist Party of China (CPC) in October is “very positive,” a leading Australian economist has said.