Top uni launches research initiative
China’s leading university on Wednesday set up a consortium to promote research and practice on economic structural change, to achieve better global development. The Global Research Consortium on Economic Structural Transformation was initiated by the Center for New Structural Economics at Peking University and has 33 founding members from all over the world, mostly research institutions. The consortium focuses on structural problems of developing countries, aiming to provide advisory and policy recommendations on sustainable development.
A girl touches playful cow puppets at the entrance of a shopping center in Beijing.
ian Wanda Group and Dong Mingzhu, chairwoman of China’s leading appliances maker Gree Electric Appliances, agreed to invest 3 billion yuan ($432 million) to Zhuhai Yinlong New Energy Co. The agreement was signed at the China Manufacturing Summit at the Great Hall of People in Beijing. Dong pushed for a buyout of the Guangdong-based company for 13 billion yuan last August but failed. Dong attributed the failure to accidental factors. San Francisco starting Tuesday. Anthony Levandowski, head of Uber’s Advanced Technology Group, posted a message on the company’s blog that “expanding our selfdriving pilot allows us to continue to improve our technology through realworld operations.” Uber, a car-hailing service platform headquartered in San Francisco, Northern California, worked with Volvo Group, a Swedish manufacturing company, in September to bring a fleet of Volvo XC90 sport utility vehicles to Pittsburgh, Pennsylvania. Hesteel said it would invest $120 million in a steel mill in Smederevo, a city about 45 km outside Serbia’s capital, Belgrade. Hesteel Chairman Yu Yong said his company was satisfied with the production at the recently-purchased steel mill in Smederevo and decided to add the investment to develop it further.