In recent years, more and more private firms in Guangdong have invested in Africa. According to the provincial commerce department, 244 companies from Guangdong had set up branches in Africa by the end of 2017, among which 241 are private firms.
In private sectors, the figure reached 49,575 yuan, an 8.3 percent nominal growth year-on-year.
In terms of regions, the area with the largest value of real estate M&A transactions was Guangdong province, with its sales value surging 111 percent year-on-year to billion, followed by Beijing, Shanghai and Zhejiang province.
In private sectors, the annual average salary stood at 53,604 yuan, up 5.2 percent year on year after deducting price factors.
In recent months, Hu's focus has been on accelerating overseas expansion. Mobike aims to expand its presence to 200 cities globally by the end of this year.
In terms of opening wider, China has agreed to cooperation deals with more than 130 countries, regions and international organizations on jointly developing the BRI and signed 17 free trade agreements with 25 countries and regions.
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In response to US tariffs, China has slapped retaliatory taxes on US imports ranging from electronics to soybeans since last year. The report said that for American wine, taxes and tariffs now amount to a 93-percent surcharge on every bottle. That's double the amount on French wine, and at the same time, wines from Australia and Chile, which have signed free trade agreements with China, taxed at just 26 percent.
In recent years, some education organizations in the country have already started to introduce the formative assessment system, which can provide more feedback and related information for educators to guide their teaching activities.
In return, Rimac will receive 40 percent of the shares in the joint venture called Zhongkeluorui Technology Co. Ltd. The factory will be built in Xiangyang, a city in central China's Hubei province and will have a designed capacity of producing 50,000 units per year.
In response to tariffs on Chinese goods, Beijing looked elsewhere to buy soybeans. For the nine months ended in May, Brazil supplied 77 percent of China's soybeans, up from 40 percent, the US Department of Agriculture reported.