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China's investments in South Africa cover a wide range of diversified fields, like energy, manufacturing and telecommunication, all prioritizing local procurement whenever possible, in support of the local economy and industrial development.
China's official Purchasing Managers' Index for the manufacturing sector came in at 50.9 in June, up from 50.6 in May, with the non-manufacturing PMI rising to 54.4 from 53.6 in May, showing better-than-expected indicators compared to high-frequency data.
China's oil giant Sinopec Group announced Tuesday that its net profit is expected to reach 27.09 billion yuan (.98 billion) in the first half of the year, surging by 50 percent, as crude oil price in the global market increased in the period.
China's internet giants including Alibaba Group Holding Ltd and JD.com Inc have ramped up efforts to deploy offline channels as pure-play e-commerce growth starts to stagnate. Alibaba has completed a series of buyouts including retail chain Intime Retail Group Co, while JD backed Yonghui Superstores and announced plans to open 1 million namesake convenience stores in five years.
China's middle class is expanding at an unprecedented pace.
来源：资阳报