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State-owned China Energy Engineering Group Co Ltd, or Energy China, signed a contract with Mexican energy company Aora Generacion Durango for a 154-megawatt wind project in Durango, Mexico, this month.

Starbucks opens its second-largest flagship store in the world in Beijing, June 29, 2018.[Photo provided to chinadaily.com.cn]

Starting from June 29, BMW China Automotive Trading Ltd. will recall 5,763 imported vehicles manufactured between Sept 22, 2008 and Nov 19, 2011, including models of 550i, 650i, and 750Li, according to the General Administration of Customs.

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State Councilor and Foreign Minister Wang Yi and Salvadoran Foreign Minister Carlos Castaneda attend a joint news conference in Beijing on Tuesday. They signed a joint communique on the establishment of diplomatic ties. XU JINGXING / CHINA DAILY

Statistics show that BJEV sold a total of 103,199 electric vehicles in 2017, a year-on-year growth of 98 percent, becoming the country's largest electric carmaker by sales.

Starting from Jan 1, a series of large-scale tax cuts and fee reductions reduced the burden of Chinese enterprises, especially the small and micro enterprises. About 17.98 million enterprises benefited from corporate income tax and 98 percent of them were private enterprises. Many companies in manufacturing, transportation and construction industries also benefited from VAT tax rate deduction since April 1.

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Stanley Jia, chief representative of Baker McKenzie's Beijing office, said China had hugely improved its manufacturing capability thanks to its opening-up policy, and had "become one of the major manufacturing powerhouse in the world."

Spurred on by a growing thirst for wine among an expanding middle class in China, Chinese investors have snapped up more than 100 vineyards in France, with the majority in the Bordeaux area.

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Sri Lankan Prime Minister Ranil Wickremesinghe said on the day of the official launch that, "we have made arrangements for the management and long-term success of the Hambantota Port. The Sri Lankan and Chinese joint venture, which has taken over the management of this port, and its operations, will ensure an additional port in the Indian Ocean."

Starbucks is looking to cash in on the rising consumption capacity of the mid and high-income group in China.