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Chinese internet company NetEase Inc will remain the controlling shareholder in NetEase Cloud Music after the investment, while Baidu will act as a strategic partner.
Chinese lenders bought 8 billion worth of foreign currencies and sold 2.4 billion worth in October, the State Administration of Foreign Exchange (SAFE) said in a statement.
Chinese companies have grown rapidly in recent years and are playing an increasingly important role, not only in China but also worldwide. We have strong and strategic partnerships with many Chinese banks. For example, this February, the China Development Bank and Standard Chartered Bank signed a memorandum of understanding, formalizing a strategic partnership to facilitate trade and investment relating to China's Belt and Road Initiative.
Chinese dancers perform during the "Happy Chinese New Year" gala in Kigali, Rwanda, on Feb 9, 2018. Featuring the regional characteristics of Gansu and Chinese cultural elements, the gala consisted of Chinese operas including Chinese national intangible cultural heritage the Long Opera, songs, dances, acrobatics and folk music. [Photo/Xinhua]
Chinese people's desire for leisure activities is rising thanks to high-quality economic growth, but the development of the sector is being hindered by a lack of free time and suitable products, the Tourism Research Center of the Chinese Academy of Social Sciences said in an annual report released on Monday.
来源：资阳报