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Companies spruce up R&D capabilities, bullish on long-term earnings prospects

Commercial banks have been raising mortgage rates in China's major cities, following this year's tough housing purchase restrictions that have cooled house prices.

Compared with January, a total of 16 cities reported declines in new-home prices in February. Prices in 10 cities remained unchanged, while 44 recorded gains. The four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen saw new-home prices decline mildly ranging from 0.2 to 0.6 percentage point from a month ago, according to NBS data published on Monday.

Company executives of Ele.me and Koubei, a local services company of Chinese tech titan Alibaba Group Holding Ltd, said they are committed to providing digital solutions for local merchants to enhance the latter's operational efficiencies.

Companies from China and Serbia should use the opportunity to achieve new breakthroughs in agriculture either by starting joint production or exporting agricultural products to third markets, suggested Tian from the Chinese Embassy.