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China's leading automaker, FAW Group, a State-owned enterprise based in Changchun, Jilin province, announced that it had sold 200,000 Hongqi brand vehicles as of Sunday, achieving a fivefold increase within five years.
China's new benchmark lending rate, the one-year loan prime rate (LPR), dropped by 0.1 percentage point to 4.05 percent on Thursday, marking latest measure of the central bank to lower financing costs for enterprises and support their production resumption amid the novel coronavirus outbreak.
China's move to increase tariffs to 40 percent, after the US imposed 25 percent tariffs on Chinese-built vehicles entering the country, will hurt Ford's exports to that country, said Joe Hinrichs, executive vice-president and president of global operations for the US automaker.
China's outbound direct investment volume from the nonfinancial sector increased 7.8 percent year-on-year to .09 billion in the first eight months of this year, while Chinese companies invested in 4,309 businesses in 153 countries and regions throughout the world.
China's first overseas high-speed rail project was completed in Turkey in 2014, with a 530-kilometer railway linking Ankara and Istanbul.
来源：资阳报