Top uni launches re­search ini­tia­tive

China Daily (Hong Kong) - - BUSINESS -

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.

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