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China accelerated the internationalization of the yuan a decade ago. A milestone of the process was achieved in 2016, when the currency joined the International Monetary Fund's basket of Special Drawing Rights. After that, the yuan internationalization slowed, as the exchange rate policy shifted to stabilize market expectations when the yuan was facing depreciation pressures.
China Petrochemical Corporation's first lubricant plant outside China - Sinopec Lubricant (Singapore) Pte Ltd - has continued its rapid growth and expansion by increasing business with Chinese companies overseas, according to one of the company's senior executives.

China Tower got listed earlier this month to raise money for future growth. It is also expanding into new business areas by partnering with Alibaba Group Holding Ltd, State Grip Cop of China and other companies. Such cooperation is based on the fact that telecom towers can be shared by different industries because they have access to both wired and mobile networks and are linked to a steady power supply.
China and Europe, which includes the European Union, the United Kingdom, and the European Free Trade Association states, will continue to lead in EV sales. Those countries will take an estimated 72 percent of the world's electric passenger vehicle sales in 2030, BNEF said.
China Zheshang Bank Co Ltd, a national joint-stock commercial bank, eight city commercial banks, including Bank of Suzhou Co Ltd, Bank of Zhengzhou Co Ltd and Bank of Qingdao Co Ltd, and eight rural commercial banks are among the commercial lenders waiting to be listed on the Shanghai and Shenzhen stock exchanges, according to information posted by the China Securities Regulatory Commission on its website on Friday.
来源:资阳报