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Chinese online retailers are looking to cash in on consumers' craze for designer fashion, joining forces with luxury brands which regard e-commerce platforms as the fastest-growing distribution channel globally.
Chinese currency renminbi, or the yuan. [Photo/Sipa]
Chinese entrepreneurs have surprised the world with the business model of bike-sharing which incorporates those technologies, and are entering overseas markets such as Singapore and Britain.
Chinese authorities have encouraged the development of multimodal transportation, with the State Council last year requesting the creation of more such routes. According to the State Council, China's cabinet, it is necessary to promote the development of multimodal transportation for an international logistics "corridor" with improved transportation quality and efficiency. "Multimodal transportation can improve efficiency, slash costs, protect the environment, and is quite safe," said Wang Ming, an official with the National Development and Reform Commission."All related departments should deepen reforms in the rail network and freight prices to create a fair and orderly market environment, so as to push an upgrade in the logistics industry." Yu Chunxiao, deputy head of the National Railway Administration (NRA), described the deal between Shenhua and Huochebang as a "positive" and "beneficial" step. "The NRA will improve regulations and actively engage in multimodal transportation," Yu said. "We will also try to create a good environment for companies to promote the healthy development of the logistics industry."
Chinese mainland conglomerate HNA Group said that it is seeking buyers for its majority stake in Spain's NH Hotel Group amid liquidity concerns.
来源：资阳报