Economic relations between China and Cote d’Ivoire are set to deepen, as t
he latter became the first African country to co-
host the 13th China International Small and Medium En 上海品茶微信女神会所terprises Fair that takes place in Guangzhou, capital of Guangdong province, from Oct 10 to 27.
Azoumana Moutaye, head of the coun
try’s Ministry of National Entrepreneurshi p, Handicrafts and Promotion of SMEs, said China and Cote d’Ivoire jointly organizing the interna
tional event indicated that bilateral relations between the two countries has reached a new peak.上海品茶微信
Cote d’Ivoire, with a population of arou
nd 23 million, has become one of Africa’s most resurgent economies in recent ye ars. Its economy will be the second-fastest growing in the world this year, as predicted by the International Monetary Fund.上海品茶微信女神会所
About 60 Ivorian enterprises led by Moutaye have participated in the exhibition, showcasing
and promoting their products in such indus
tries as agriculture, communication, energy, construction and logistics. Promoting SME globalization on the world stage上海品茶微信女神会所
Another foreign co-host is India. Following Russia, it is the second BRICS country that is involved in organizing the fair.
Indian Minister of Micro, Small and Medium Enterprises Kalraj Mishra hoped the fair would be上海品茶微信
tter promote the cooperation between Chinese and Indian SMEs and help them achieve more substantial results.
上海品茶微信女神会所Small and medium-sized companies play a big role in India’s economic development, as 95 percent of the country’s companies are SMEs.
During the fair, textiles, machinery and equipment, hardware and electrical appliances and other goods from 124 Indian firms will be displayed.
s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.
But the deleveraging process should conti
nue, and more measures will be introduced to ease the debt burden, especially for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.
the key measures is to further promote the debt-to-equity s wap program, to inject more social funds into indebted companies through holding the co
mpanies’ shares, the NDRC official said. “We will choose more qualified private comp
anies to join this program.” By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8
billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu
ding China Baowu Steel Group Co Ltd, State Po
wer Investment Co Ltd, and China Shipbuilding Industry Corp, acc ording to data from the State-owned Assets Supervision and Administration Commission.
promoting the application of e-buses, by supporting technology innovation, improving fiscal
and taxation policies, enhancing infrastru
cture construction, as well as reinforcing fund supervision. “It is estimated that in the future, China’s e-bus market will transform to a more market-driven pattern, instead of policy-driv
en. The market will shift from an increm
ental market to a stock market, maintaining steady growth,” he said. Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid
2020s, as lithium battery pric es have been falling. From 2010 to 2018, lithium b
attery prices dropped by over 85 percent, with an annual average decl ine rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.
FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur
day that it will add Chinese A shares to its widely-tra
cked global benchmarks next month. The addition will be officially effective after the close of share markets on June 24.
According to the plan of FTSE Russell, this mov
e marks the first stage of incorporatin g Chinese shares into its indexes. In this stage, 1,
097 Chinese stocks, or 20 percent of A shares, will be bro ught into the indexes, drawing an expecte
d $10 billion from passive investors. FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.
a’s photovoltaic products. Export value to Vietnam rose 239 times to $739 million in the fi
rst quarter, taking up 16.8 percent of China’s t
otal photovoltaic export value. With the European Union ending its anti-dumping and anti-subsidy meas
ures, photovoltaic exports from China to Europe a
lso saw large increase in Q1. The country’s photovoltaic products export volume to the Netherlands and Spain increased 1,049.6 percent and 158.3 perc
ectively, in the first quarter, said the report. It predicted that the emerging markets, such as Mexico, Aus tralia, Turkey, and the United Arab Emirates will further boost the export of China’s p
hotovoltaic modules. The export of China’s photovoltaic products to the United States dropped 28.9 pe
rcent to just 0.01 GW in the first quarter, the report said. The Section 201, Section 3