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China's CITIC Telecom CPC has announced the formal completion of its acquisition of the Amsterdam-based telecommunications company Linx Telecommunication BV. Linx operates in 14 countries, many of which are within the area covered by the Belt and Road Initiative.
China's Geely Auto and Swedish brand Volvo Cars are considering combining their businesses into a strong global company, with listings in Hong Kong and Stockholm, the two companies said late Monday.
China's Foreign Ministry described the move as bullying. "Signing the bill into law severely meddles in Hong Kong affairs, severely interferes in China's internal matters and seriously violates international laws and basic norms governing international relations," the ministry said in a statement released on Thursday.
China's big industrial firms are expected to see stable profit growth in coming months, after a double-digit year-on-year increase in cumulative profit from January to May laid a solid foundation for the year.
China will remain a competitive supply chain choice for Saint-Gobain, as it has a broad spectrum of strong upstream suppliers and downstream clients, he said, adding the company is looking forward to greater investment and development in research and development, production and sales, and has great expectations for the recovery of China's economy as well as the continuous improvement of China's investment and business environment.
来源：资阳报