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Chen Longjian, vice-president of Bank of China's Luxembourg branch, said that as a participant in the latest issuance, the Luxembourg branch issued a three-year floating rate bond worth 0 million, which received a warm response from global investors, recording an oversubscription rate of 4.6 times.

Chery Auto's showroom opens to public during press day at Frankfurt Motor Show on Tuesday.  [Photo/China Daily]

Chief financial officer (CFO) Nicolas Peter also expressed optimism that BMW could match its strong performance during the past year. However, the company would hereby have to "shoulder a great task" in light of plans to increase e-mobility research & development expenses to a total of 7 billion euros in 2018.

Chia pudding with fruit compote

Chen Qiulin, deputy director of the Health Industry Development Research Center at the Chinese Academy of Social Sciences, also said the Chinese pharmaceutical market's increasing emphasis on quality and cost-efficiency is driving local companies to focus more on innovation-driven development, and enhance their innovation and R&D capacities, although it is not an easy task.