KUNMING, March 31 (Xinhua) -- When Tim Scalongne's plane touched down at the airport of southwest China's Yunnan Province in 2004, the Dutchman never thought this would be the start of his decades-long experience with floriculture.Situated at a high altitude and low latitude, the province boasts long sunlight hours and good weather. It provides a pleasant environment for international business people, such as ones from the Netherlands -- the world's biggest fresh-cut flower producer -- to set up their flower farms.Scalongne's first experience in Yunnan was nothing but traveling...
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China's securities regulator said it will work with other government departments to further improve the mechanism on infrastructure real-estate investment trusts (REITs), as part of efforts to better support the real economy.Earlier in April 2020, China initiated a pilot scheme on infrastructure REITs to deepen supply-side structural reform in the financial sector and enhance the capital market's capabilities.The scope of the REIT pilot program should be expanded, the China Securities Regulatory Commission said on Friday.The commission is guiding exchanges to formulate rules for REIT e...
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China's annual commercial real estate investment is expected to exceed 300 billion yuan ($47 billion) for the first time in 2022.It shows that China's economy is on track of recovery this year as countercyclical policies and structural transformation ensure stable growth, said a report issued by CBRE, a commercial real estate services and investment firm.China's commercial real estate investment enjoyed a solid recovery last year as total transaction volume surged 33 percent year-on-year to reach 273 billion yuan. The figure for the coming year is projected to grow between 10 perce...
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'By purchasing green electricity directly and using photovoltaic for self-owned power generation, Volvo Taizhou factory has achieved 100% carbon neutralization of electric energy.' Recently, Falk Las Oskar, general manager of Volvo Car Taizhou Factory, said in an interview with China Business News. At present, Volvo Taizhou factory mainly produces Volvo XC40, XC40 Recharge pure electric vehicles, etc. About 80% of the production capacity is used for electric vehicle production, and the first battery workshop of Volvo cars outside Europe is also built.According to the previous research ...
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Photo taken on Dec. 4, 2021 shows an international freight train bound for Laos running near the China-Laos border. [Photo/Xinhua] China will promote the green development of the Belt and Road, strengthening international cooperation on the issue, the country's top economic planner said Monday.China aims to enhance cooperation in multiple areas with the countries along the Belt and Road by 2025 and form a green development pattern for the initiative by 2030, according to a guideline issued by the National Development and Reform Commission and three relevant departments.Cooperation on ...
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