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Chinese authorities are expected to use monetary tools and strengthen government spending to slow the weakening of economic activity due to the novel coronavirus outbreak, and to ensure ample liquidity to prevent a sharp sell-off when financial markets reopen on Monday.
Chinese firms' dominance in Africa's construction and real estate sector is pronounced. They accounted for nearly 50 percent market share of Africa's international EPC (engineering, procurement and construction) market, according to a report by global consulting firm McKinsey& Co.
Chinese government departments are expected to sign about 20 plans for action with their counterparts along the initiative's routes, covering infrastructure, energy and resources, production capacity cooperation, and trade and investment.
Chinese authorities have constantly reiterated that "houses are built for living in, not speculation," pledging to step up housing system reform and foster a long-term market mechanism.
Chinese artificial intelligence startup 4Paradigm announced on Thursday that it has raised 0 million in its series C and C-plus rounds of financing, which will move its valuation to billion.
来源：资阳报