Most of the US-based companies operating in China have no plans to relocate their supply chains, even though bilateral tensions continue to pose a significant business challenge for them, a survey released on Wednesday revealed.
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China has launched a national pilot zone to develop premium wine on the edge of the Gobi Desert, aiming to turn the eastern foothills of Helan Mountain into China s Bordeaux. The pilot zone the first of its kind in China with a planned area of more than 500 square km, is expected to cultivate 1 million mu (about 66,667 hectares) of vineyards in five years, with an estimated output value of 100 billion yuan (15.4 billion U.S. dollars). In the next 15 years, the goal of the wine zone is to have 1.5 million mu of vineyards, with a total output value of 200 billion yuan.