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China Chain Store and Franchise Association has launched Green Sustainable Consumption Week nationwide to raise awareness of low carbon consumption among retailers and consumers through innovative digital tools. [Photo/CCFA]

China and the European Union are two major economies in the world today. The conclusion of the CAI, also known as China-EU bilateral investment treaty, is not only conducive in deepening bilateral economic and trade cooperation, but also has great significance to the recovery of the global economy, the ministry said in a statement on late Thursday.

China also boasts a high level of agricultural mechanization. In 1949, China had only 13 combine harvesters, and in 2018, there were 22.38 million tractors, including more than 2 million combine harvesters.

China and Germany will strengthen cooperation in scientific fields to tackle global issues and help achieve green and sustainable socioeconomic development through innovation, officials from both countries said on Tuesday.

China Young Professional Apartments, a Beijing-based condominium manager backed by Chinese venture fund SAIF Partners, got the necessary approval from the Shenzhen Stock Exchange to offer 270 million yuan (.77 million) of asset-backed securities to retail investors.