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Chinese automaker BYD Co unveiled on Wednesday a new battery production plant for electric vehicles, and said the unit would be the largest of its kind in the world after it achieves full capacity in 2019.
Chinese companies' going global is entering a new stage where brands are gradually acknowledged globally to be of high quality and with innovative designs, a key step for the country to move up the global value chain, said experts.
Chinese people have limited investment avenues and mainly focus on homes and stocks, said Yang Delong, chief economist at investment firm First Qiankai Fund. In the past ten years, Chinese families spent nearly 70 percent of their savings on buying houses.
Chinese real estate giants such as Country Garden, Evergrande Group and China Vanke all saw their sales revenue exceed 500 billion yuan (.87 billion) for the first time in 2017.
Chinese provincial-level local governments issued 1.41 trillion yuan worth of bonds in the first half, 24.2 percent below the level recorded in the first half of 2017. Among the total amount, 76.4 percent were swap bonds (issued to refinance legacy debt) and refunding bonds (issued to refinance outstanding bonds).
来源：资阳报