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BEIJING - China Great Wall Asset Management Corporation, one of the country's biggest distressed debt managers, said it is making a shortlist of strategic investors in preparation for an initial public offering (IPO).

Auto part manufacturers followed in their steps and built their business branches in the city, which has enabled Guangzhou to become China's important automotive and auto parts production and export base.

BAGHDAD -- Rockets struck near the US Embassy in Baghdad early on Sunday, local media reported, adding that the extent of the damage remains unclear.

BAIC BJEV has invested more than 2 billion yuan (0 million) in research and development in the past three years, accounting for 7 percent of its operating revenue. The company's investment in product development totaled 873 million yuan in 2017, representing 7.62 percent of that year's operating revenue.

Attracted by China's huge domestic market, complete supply chain and development areas such as new infrastructure and the Hainan Free Trade Port, some of the world's biggest corporate names such as Walmart, BASF, BP, LG, Nestle, Coca-Cola, Starbucks, Volkswagen and Tesla have all renewed their commitment to China by expanding their operations nationwide this year.