Sum­mit fo­cuses on eco­nomic in­te­gra­tion

China Daily (Hong Kong) - - BUSINESS -

The 14 th China-ASEAN Busi­ness and In­vest­ment Sum­mit, to be held be­tween Sept 12 and 15 in Nan­ning, will em­pha­size tourism to ac­cel­er­ate re­gional eco­nomic in­te­gra­tion, said the In­for­ma­tion Of­fice of the State Coun­cil on Mon­day. The sum­mit is ex­pected to bring the re­gional economies to­gether by en­hanc­ing co­op­er­a­tion in var­i­ous ar­eas such as im­ports and ex­ports, e-com­merce and in­fra­struc­ture projects. “The sum­mit will help pro­mote mu­tual un­der­stand­ing of poli­cies, as well as of­fer op­por­tu­ni­ties for co­op­er­a­tion,” said Qian Kem­ing, vice-min­is­ter of com­merce. “It also en­cour­ages ASEAN coun­tries to ex­port goods such as agri­cul­tural prod­ucts, trop­i­cal fruit, palm prod­ucts and rub­ber.” on Mon­day, ac­cord­ing to the China For­eign Ex­change Trade Sys­tem. In China’s spot for­eign ex­change mar­ket, the yuan is al­lowed to rise or fall by 2 per­cent from the cen­tral par­ity rate each trad­ing day. The cen­tral par­ity rate of the yuan against the US dol­lar is based on a weighted av­er­age of prices of­fered by mar­ket mak­ers be­fore the open­ing of the in­ter­bank mar­ket each busi­ness day. their un­der­writ­ers will con­firm IPO dates and pub­lish prospec­tuses fol­low­ing dis­cus­sions with the ex­changes. Un­der the cur­rent IPO sys­tem, new shares are sub­ject to ap­proval from the CSRC. China is grad­u­ally switch­ing from an ap­proval-based IPO sys­tem to a more mar­ket-ori­ented one based on reg­is­tra­tion. lead­ers are hop­ing the string of merg­ers will boost rates once more. COSCO-OOIL would be­come the third-largest ship­ping player be­hind Dan­ish con­glom­er­ate Maersk and Mediter­ranean Ship­ping Co, if the takeover gets the green light. pro­duce 100 cars in Au­gust and more than 1,500 in Septem­ber. It looks like “we can reach 20,000 Model 3 cars per month in De­cem­ber,” Musk said.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.