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Chinese charge d'affaires in Zimbabwe Zhao Baogang said the new project, the first by Chinese investors since the conclusion in September of the Forum on China-Africa Cooperation summit in Beijing, augurs well for the spirit of cooperation espoused by both sides.

Chinese e-commerce company?Alibaba has priced its impending IPO on the New York Stock Exchange at per share, at the high end of the expected range, according to reports this afternoon by CNBC?and the Wall Street Journal.

Chinese lenders bought 2.6 billion worth of foreign currency and sold 3.2 billion worth last month, according to the nation's top forex administrator. The domestic foreign exchange market remained stable in May, and the cross-border capital flows through major channels generally maintained balanced and stable growth, said a spokesperson with the SAFE, as trade of goods was still the key channel of net capital inflows and foreign exchange supplier.

Chinese central and local governments are emphasizing the "sharing economy" concept and "smart mobility" programs. Operators should target regional markets where car-sharing is supported by local governments which help to optimize cost structure. For example, the Chongqing municipal government offered some free parking lots to Car2go in specific selected regions.

Chinese internet giants are changing how consumers shop for groceries.