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Both China Eastern and China Telecom own stakes of 42.5 percent each in KDlink whose registered capital is 200 million yuan (.54 million). Juneyao Group holds the remaining 15 percent, according to a report in National Business Daily.
Blockchain can help traditional financial institutions reduce operational costs, and with the support of such technology, individuals will be able to conduct transactions in a safe environment, the report said.

Both countries agreed on Tuesday to focus on cooperation under the framework of the Belt and Road Initiative in addition to financial and economic cooperation. Switzerland will participate in the first China International Import Expo in November in Shanghai. In 2014, both countries signed a free trade agreement which will soon be upgraded. In 2016, both countries decided to build an innovative strategic partnership.
BorsodChem, the largest chemical material manufacturer in Hungary, was on the edge of bankruptcy in 2009. In 2011, Chinese chemical company Wanhua acquired a 96 percent stake in BorsodChem, which is the largest investment by Chinese companies in Central and Eastern Europe. BorsodChem has turned losses into profit since 2014, and its profitability has increased year by year. In 2017, it became one of the 100 biggest companies in Central and Eastern Europe.
Both forces shaped the growth patterns of the past decades. In 1988, a lower-middle-class US citizen had more than six times the income of a well-off middle-class citizen in China. Today, both earn almost the same amount. Similar leaps happened in other economies, from Turkey to Vietnam. Yet, over the same period, half of the world's wealth went to the top 5 percent of the population, and almost one-fifth went to the highest 1 percent.
来源:资阳报