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Chinese energy companies are expanding their presence in countries and regions participating in the Belt and Road Initiative, and promoting green, clean power generation in countries beyond China.
Chinese consumers continued to buy high-end luxury bags, clothes, jewelry and wines in China due to international travel curbs. Total sales of luxury goods are set to rise by 45 percent on a yearly basis to 44 billion euros ( billion) this year.
Chinese actor Hu Xianxu was appointed as a UNFPA China Youth Champion in Beijing on Oct 21. [Photo provided to China Daily]
Chinese internet-based companies still enjoy a competitive advantage when exploring overseas markets, according to the 2020 Chinese outbound internet companies white paper jointly released by Huawei Cloud and online community BaijingApp. Chinese internet-based companies' capabilities in infrastructure technologies and services such as digital payments are superior to most of the markets in the world, said the report.
Chinese insurers have been actively seeking overseas financing to support their outbound mergers and acquisitions as financing costs have been lower than those on the domestic market. Many of them have chosen to use onshore assets as collateral for their overseas financing.
