Sinomach signs 19 purchase agreements at 5th CIIE chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
COFCO Group, China's largest foodstuff producer and grain trader by sales revenue, has signed over $10 billion worth of purchase contracts with various foreign partners during the fifth China International Import Expo (CIIE) in Shanghai, the company said on Sunday.
PowerChina spreads wings Share CLOSE An aerial view of the Cauchari solar project in Argentina s Jujuy province, which was built by Chinese companies. [Photo/Xinhua]
New project contracts in Central and South America promise to transform the region
Power Construction Corp of China, or PowerChina, said it will step up its expansion in the Latin American market.
As part of its plan, it has already signed a construction contract for a 200-megawatt photovoltaic power project in May with Argentina s Jujuy Provincial Energy and Mineral Co.
In addition to the new 200-megawatt power plant, the project includes the expansion of the Cauchari PV plant, the largest and highest of its kind in South America, more than 4,000 meters above sea level with extremely superior sunshine resources.
China s diversified outbound direct investment portfolio, especially in sectors like healthcare, scientific research and technical services, will help ease COVID-19 pressures for more countries and regions and revitalize the global economy, experts said on Thursday.
China s diversified outbound direct investment portfolio, especially in sectors like healthcare, scientific research and technical services, will help ease COVID-19 pressures for more countries and regions and revitalize the global economy, experts said on Thursday.
The comments came after the Ministry of Commerce said that China s ODI grew by 11.4 percent on a yearly basis to $43.9 billion during the first four months of the year, while the total contract value of Chinese companies newly-signed overseas projects reached 463.93 billion yuan ($72.74 billion), up 1.2 percent on a yearly basis, during the same period.
In addition to investing in traditional sectors, such as manufacturing, agriculture and infrastructure projects, in overseas markets, China s ODI in scientific research and technical services, transportation, residential services, healthcare and other areas increased during the four-month period, said Gao Feng, a spokesman for the ministry.