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Chinese e-commerce giant Alibaba and its online payment subsidiary Ant Financial, which hold a minority stake in India's Paytm, are banking on the growth of the digital economy to further expand its reach in India.
Chinese companies recorded 34.4 percent jump in R&D expenditure to reach .1 billion in 2018, eclipsing the global average of 11.4 percent, said the 14th edition of the Global Innovation 1000 Study Report.

Chinese dairy producer Inner Mongolia Yili Industrial Group Co is among bidders that made formal offers for Australia's Murray Goulburn Co-operative Co, in a deal that may value the farmer-owned firm at about A billion (9 million) including debt, people with knowledge of the matter said.
Chinese monetary authorities have vowed to safeguard financial stability, coordinate with multilateral mechanisms and keep the currency stable to offset global economic shocks, according to senior officials on Sunday.
Chinese and Uzbekistani enterprises signed agreements and deals of more than billion, just days before the Belt and Road Forum for International Cooperation.
来源:资阳报