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With domestic profits narrowing and production capacity expanding, Chinaโs firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.โs next phase of โgoing globalโ and the complex, challenging international environment its companies have chosen to enter. A subtle shift is taking place among Chinese businesses as they adopt a โChina plus oneโ outlook and redirect domestic investments to neighbouring economies โ a...
Three weeks into his tenure as Anhui provincial party secretary, Li Lecheng carried out an on-site inspection at Chinaโs home-grown memory chip giant ChangXin Memory Technologies (CXMT) on Wednesday, pledging to grow integrated circuits (ICs) as an emerging pillar industry. During the visit to the companyโs headquarters in the provincial capital Hefei, Li urged CXMT to further refine its product portfolio and actively expand into domestic and overseas markets. He emphasised home-grown...
Hong Kong travel agencies and border shops have capitalised on the opening of the revamped Huanggang Port as thousands of visitors poured through the control point, with special tours on offer and shopkeepers reporting brisk business. Agents said the portโs 24-hour joint clearance arrangements could give cross-border tourism a major boost, although crowd control measures dampened trade at the checkpoint entrance. Tour groups organised by Hong Kong travel agency Big Line Holiday were among the...