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Chinese leading education company TAL Education Group announced on Tuesday it has acquired a 100 percent stake in Israeli company CodeMonkey for an undisclosed amount, marking an important step forward for its globalization efforts.
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 foreign exchange regulars have said the yuan's rate would ultimately be determined by economic fundamentals and remain basically stable.
Chinese actress Ni Ni arrives for a promotional event by Gucci in Shanghai, China, Oct 10, 2018. [Photo/IC]
Chinese customers have become increasingly concerned about their privacy being breached by Internet giants like Dianping.com, which has 250 million active users monthly. In March, Robin Li, CEO of Chinese search engine Baidu, ruffled the feathers of netizens when he said that Chinese consumers are willing to trade privacy for convenience and efficiency.
