Key meeting sums up China's experience in developing economy amid severe challenges

Key meeting sums up China's experience in developing economy amid severe challenges

The annual Central Economic Work Conference that concluded on Friday summarized China's experience in developing economy in the face of severe challenges.

Macro

China's new development philosophy heralds economic miracle

China's new development philosophy heralds economic miracle

As the year draws to an end, China is expected to become the only major economy to record positive growth in 2020.

Industries

Companies

China Molybdenum buys 95 pct stake in DRC copper-cobalt mine

China Molybdenum buys 95 pct stake in DRC copper-cobalt mine

China Molybdenum Co., Ltd. has acquired a 95-percent stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) from U.S.-based Freeport-McMoRan Inc. for 550 million U.S. dollars.

German pump giant to build plant in east China city

German pump giant to build plant in east China city

The Wilo Group, one of the world's leading providers of pumps and pump systems, has signed an agreement to build a plant in the eastern Chinese city of Changzhou.

Maserati China's managing director confident in Chinese auto market

Maserati China's managing director confident in Chinese auto market

Although the global auto industry has been hit hard by the COVID-19 pandemic, the sales volume of Maserati China has rebounded and the luxury car brand from Italy plans to introduce new models to the Chinese market next year.

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