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Chinese investment firm Primavera Capital and Ant Financial Services Group bought a minority stake in Yum China for 0 million as part of the spin-off deal in September 2016. Both are still shareholders in the company.
Chinese people from smaller cities are traveling abroad more frequently thanks to relaxed visa policies and more direct flights to foreign destinations, the report said.
Chinese companies' R&D expenditure accounted for 7.8 percent of the total for the 1,000 companies, up from 6.4 percent last year. The number of Chinese companies chosen as "innovative powerhouses" rose from 125 to 145.
Chinese investment totaled .8 billion between January and May. In the first half of this year, acquisitions and greenfield investments from China are projected to see a year-on-year drop of more than 90 percent to the lowest level in seven years, according to a report released on Wednesday by Rhodium Group, a New York-based research firm.
Chinese Vice-Foreign Minister Le Yucheng (C) attends a session of the UN Human Rights Council in Geneva, Switzerland, March 15, 2019. [Photo/Xinhua]
