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Chinese e-commerce and digital service providers will be encouraged to explore the global market, and the development of international courier services will be sped up. The use of the yuan in international settlement will be explored for trading of items involved in the new consumption models, the guideline said.
Chinese e-commerce giant Alibaba Group Holding Ltd is gearing up for expansion in the telecom sector, as it aims to meet the communication demand of millions of small and medium-sized enterprises across China.
Chinese Vice President Wang Qishan meets with members of the InterAction Council in Beijing, capital of China, Sept 29, 2018. [Photo/Xinhua]
Chinese internet firm Baidu Inc has agreed to acquire US computer vision firm xPerception for an undisclosed amount to support their renewed efforts in artificial intelligence as Chinese tech firms face regulatory headwinds in the United States.
Chinese property companies received financing of up to 850 billion yuan from January to April, among which 25.6 percent was from overseas. The average coupon rate of foreign debt is 8.82 percent, which shows the rising cost of financing for real estate companies, the report said.
