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Chinese companies are changing the investment paradigm from absorbing resources and offering markets, to a more balanced philosophy—Chinese companies also providing and contributing to the overseas markets, especially to the backdrop of China's domestic supply-side reform and the Belt and Road initiatives. That shift is absolutely aimed at an all-win situation. Legend Holdings' acquisition of BIL is a prototype and example of the all-win scenario.
Chinese Vice-Premier Han Zheng, also member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, makes an inspection of the Ministry of Finance and presides over a symposium, in Beijing, capital of China, on April 19, 2018. [Photo/Xinhua]
Chinese authorities have urged local governments to take care of employees in places hit hardest by the epidemic, and offer support such as subsidies for small and medium-sized firms.
Chinese e-commerce giant JD is bringing its autonomous delivery vehicles to the streets of Tianjin, as part of its commitment to support smart cities.
Chinese policymakers are attaching greater importance to broadening all-around financial opening-up as a key driving force of China's new growth paradigm, while stressing continued financial stability amid global economic uncertainties caused by the COVID-19 pandemic.
