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China's Evergrande Group, a Fortune 500 company, announced it has signed a strategic deal with Urumqi-based Guanghui Group to expand cooperation in developing automobile sales, energy, real estate, logistics and related industries in the coming years.
China's benchmark Shanghai Composite Index closed up 0.03 percent at 3,173.15 points on Friday, while the smaller Shenzhen Component Index closed 0.43 percent lower at 10,314.35 points.
China will maintain a proactive fiscal policy stance in 2019, with a higher deficit-to-GDP ratio to leave policy space to address potential risks. [Photo/VCG]
China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year-on-year. This ended a contraction streak over the previous 21 months, according to CAAM.
China's Ministry of Ecology and Environment donated 4,000 sets of solar photovoltaic systems and LED lights to the province in November. Installed in homes and local institutions in Gwadar, it is estimated they will reduce carbon dioxide emissions by around 3,000 metric tons over the next 15 years.