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Ballmer’s announcement aligns with a concerted effort by Microsoft over the course of the last year to increase its operational capacity in China as well as introduce more and more Chinese customers to its broad array of products and services. In September,?the company announced?that it would add 1,000 employees in China within 12 months and that it was significantly increasing its investment in China-based research and development.?In October, Microsoft held its global release for Windows 8 in Shanghai and revealed that its Surface tablets would go on sale simultaneously in the U.S. and China. And in March, the company?opened a flagship store on Tmall, China’s most popular business-to-consumer e-commerce platform. The store, which is operated by an all in-country team, offers access to more than 50 Microsoft products.

Based on a UBS Investment Research report released on Tuesday, the price earnings ratio of the benchmark CSI 300 Index has been approaching historic lows, last hit in mid-2015 and early 2016.

BUDAPEST - Chinese Premier Li Keqiang on Monday announced the establishment of the China-Central and Eastern European Countries (China-CEEC) Inter-Bank Association in the Hungarian capital city of Budapest.

Baidu is not alone in the field of autonomous driving. Tencent Holdings Ltd received its first license from Shenzhen municipal government to test intelligent connected vehicles on designated roads in May, and SAIC Motor Corp Ltd has inked a deal with Intel Corp to develop its self-driving cars.

Baba Ahmad Jidda, Nigeria's ambassador to China, noted in his address that the largest African economy is prioritizing 10 large infrastructure projects, and the envoy appreciated the help given by China during the pandemic.