Latest News

China's Foreign Investment Grows in 2020

Last year China saw investment from different countries while the world was struggling with the covid-19. As stated by JLL Property Manager, over a third of commercial real estate transactions comes from foreign capitalists in Beijing. Senior director of capital markets at JLL North China Michael Wang said it’s expected that the capital city will remain a nice option for investing as recovery signs are uncovered here earlier than in other countries. China’s appropriate timing for restrictions after the outbreak worked out well; and the country was amongst the main to see a boom in its economy. Aiming to draw foreign investment, the Chinese government will develop the use of its currency around the world and create jobs and skills to new businesses. Foreign direct investment (FDI) equaled $129.47 billion, from November 2020 to the end of the year; it exceeds the figure in the same time a year ago. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Baidu to Focus on Autonomous EV Business

Baidu Internet Company is about to develop an autonomous electric vehicle (EV) company. The major stockholder is the Chinese firm with a partial stock from Geely Auto Group. As there’s a promising prospect on cloud computing and self-driving software, Baidu is keen on expanding its business in these areas as well. The company’s project known as Apollo, a driver-free vehicle, is still being tested in Beijing’s robotaxis. Baidu's DuerOS technology, Speech and Image Recognition application, can also be used in cars deign. As the Chinese government aids the auto industry, transforms the infrastructure, and invests in car-related technology, the country’s EV business has been expanding. In the competitive market with presence of giants like Tesla, Nio, and Xpeng Motors, Baidu tries hard to keep a pace! Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Newsletter

Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments