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Chinese private investment in Africa exceeded billion between 2015 and 2017, according to the Ministry of Commerce. China has catapulted from being a relatively small investor on the continent to becoming Africa's largest economic partner over the past two decades.
Chinese carmaker BAIC Motor Corp and Daimler AG are planning to expand localized production of Mercedes-Benz cars, including new energy ones, at their joint venture in China, to tap into the potential of the world's largest car market.
Chinese firms, along with peers from other manufacturing nations, have started to transfer at least part of their production bases to less-developed economies in search of lower labor costs. Domestically, the government is pushing industries to move up the value chain, shifting to a new growth pattern based on innovation rather than cheap labor.
Chinese farmers harvest tea leaves at a tea plantation in Yixing city, East China's Jiangsu province, March 16, 2019. [Photo/IC]
Chinese courts have witnessed a sharp decline in the number of drug-related trials in recent years thanks to efforts to stamp out such offenses, a senior official with China's top court said on Tuesday.Courts at all levels concluded a record 139,000 drug-related cases in 2015, but the number began dropping the next year amid a harsh crackdown on drug crimes, Supreme People's Court Vice-President Li Shaoping said.Last year, courts nationwide concluded 85,800 drug-related cases, down 38.27 percent from the number in 2015, he said.Li said defendants in about 22.4 percent of drug-related cases from 2015 to 2019 were sentenced to five years or more in prison.During those five years, Chinese courts dealt strictly with people who made, smuggled, sold, bought or transported large quantities of drugs, as well as those who committed crimes after taking drugs, he said.Li said some problems that persist include the high incidence of drug smuggling in coastal and border areas, and the rising number of cases involving defendants who made drugs on their own using new materials.While calling for courts to impose harsher punishment of those guilty of drug-related crimes, Li also said efforts to prevent the jobless and young from getting involved in drugs should also be emphasized.