China-Australia relations: Beijing slams Canberra for ‘politicising’ canned US$230 million deal on national security grounds Su-Lin Tan State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Australian builder Probuild in a deal reported to be valued at A$300 million (US$231 million). Photo: AFP
State-owned China State Construction Engineering Corporation has dropped its bid for the Australian builder of the tallest residential tower in Sydney, Probuild, after indications that Australian Treasurer Josh Frydenberg would block the deal on national security grounds.
This did not escape Beijing s attention, and on Tuesday China s Ministry of Foreign Affairs cautioned Canberra not to politicise business deals and jeopardise long-standing commercial relationships, as well as agreed-upon free trade between the two countries.
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2020-12-18 14:56
During the 13th Five-Year Plan period (2016-2020), China has given strong impetus to supply-side structural reforms and accelerated the establishment of a new modern industrial system that features a great capacity for innovation, excellence in product quality and service, and synergistic coordination, and is friendly to the environment.
From 2016 to 2019, China’s industrial added value increased from 24.54 trillion yuan to 31.71 trillion yuan, registering an average annual growth of 5.9 percent, much higher than the world’s 2.9 percent during the same period, said Xin Guobin, vice minister of the Ministry of Industry and Information Technology (MIIT).
In 2019, the country’s value-added in manufacturing accounted for 28.1 percent of the world’s total, and the country remained the world’s largest manufacturer for 10 consecutive years, Xin added.
China speeds up establishment of new, modern industrial system en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
2020-12-18 04:23:51 GMT2020-12-18 12:23:51(Beijing Time) Sina English
Robots weld on the production line in a workshop of Chinese car maker Haima Automobile’s base in Haikou, south China’s Hainan province, Nov. 5. (People’s Daily Online/Wang Chenglong)
During the 13th Five-Year Plan period (2016-2020), China has given strong impetus to supply-side structural reforms and accelerated the establishment of a new modern industrial system that features a great capacity for innovation, excellence in product quality and service, and synergistic coordination, and is friendly to the environment.
From 2016 to 2019, China’s industrial added value increased from 24.54 trillion yuan to 31.71 trillion yuan, registering an average annual growth of 5.9 percent, much higher than the world’s 2.9 percent during the same period, said Xin Guobin, vice minister of the Ministry of Industry and Information Technology (MIIT).