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Chinese steel mills are looking to gain a greater say in iron ore pricing by opting for yuan-denominated settlements, with a key deal concluded in the Chinese currency recently.
Chinese stocks closed mixed Friday, with the benchmark Shanghai Composite Index down 0.23 percent, at 2,831.18 points. The Shenzhen Component Index closed 0.58 percent higher at 9,326.97 points.
Citrix Systems announced today that it is acquiring Cloud.com, raising the competitive bar on other cloud infrastructure services such as those from Amazon Web Services and Microsoft’s Azure. Terms of the deal were not disclosed, but it does signal that the market for cloud computing services is starting to heat up.
Christina Hau, assistant director and general manager for retail leasing and operations of the company's mainland arm Wharf China Estates Ltd, said that economic restructuring can be seen in the rising contributions of services and consumption to GDP. Strong domestic consumption has strengthened China's markets but has also brought challenges to commercial real estate firms such as Wharf.
Citing statistics from the National Bureau of Statistics, the report has projected a huge market potential. As of the end of 2018, the total number of Chinese seniors (60 and above) reached 249.49 million, and it is expected to surpass 300 million in 2025.
来源：资阳报