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Chinese after-school education service provider Puxin made its debut on the New York Stock Exchange on June 15. [Photo provided to chinadaily.com.cn]
Chinese investment in both Europe and Africa saw an over 70-percent increase in 2017, with the former reaching a new record high to .46 billion, said the report.
Chinese consumers have also shown a strong interest in autonomous vehicles, which is expected to drive development of the industry.
Chinese companies have been known for their cost-efficiency and efficiency in building highways, railways and ports. For example, CRRC Corporation Limited has bid for subway projects in Boston and Chicago, Wang said.
Chinese policymakers, therefore, have been cautious about lowering interest rates. To maintain stable growth, they have instead resorted to RRR cuts three times last year, which can release more funds into the market and are less likely to trigger asset bubble risks.
