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Chinese enterprise investment in Germany has increased significantly in recent years, with many Chinese companies setting up research and development centers in Germany. The increasing number of China-Germany industrial parks also foster strong industrial cooperation between the two countries.

Chinese business news platform Huxiu.com reported on Monday that Ofo is laying off around half of its employees. Huxiu also said Ofo's overseas department had been disbanded, with three high-level executives leaving the firm. Ofo's co-founder Yu Xin responded on his WeChat account that the information was untrue.

Chinese demand for tra fish for domestic consumption, especially at hotels, restaurants, schools and enterprises, has recently sharply increased, so Vietnamese companies are intensifying tra fish export to China through border trade, many local entrepreneurs said, adding that they are also seeking ways to export large volumes of the catfish to the neighbor country via big ports.

Chinese authorities decided early last year to crack down on illegal property financing activities as part of efforts to curb real estate market speculation.

Chinese companies look to stay a step ahead to meet high-tech demand