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China's dairy giant Mengniu announced on Monday it had made an acquisition offer to Australian infant formula producer Bellamy in a deal valued at billion, to further penetrate the infant formula and food market while expanding its reach overseas.

China's investments in Africa assist the region's diversification of economies, he said, adding that China has the advantages, potential and opportunities to invest in different sectors and use its capacity to benefit both Africa and itself.

China's electric vehicle startup Nio submitted supplementary files with the US Securities and Exchange Commission on Tuesday to lower its initial public offering target to .51 billion.

China's move shows that the country is deploying resources to help its manufacturers to ease the impact from the US irrational trade policies and guide domestic companies to seek new import channels from global markets such as Germany, Brazil and South Korea for different products, said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

China's commitment to upgrade the financial sector with advanced technologies brings tangible benefits to enterprises