Kenya to woo Chinese investors to boost foreign exchange earnings

22:25, November 06, 2019

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  Turkey wants to be priority market, destination for Chinese investors, tourists

  Turkey.China's.trade.

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  Chinese stocks held by overseas investors hit 1.77 tln yuan

  BEIJING, Nov. 3 (Xinhua) -- Chinese stocks held by overseas institutions and individuals reached 1.77 trillion yuan (about 250 billion U.S. dollars) by the end of September, data from Chinas central bank showed.(Photo: VCG)Overseas investors put a total of 2.18 trillion yuan into Chinas bond market as of the end of the third quarter, the Peoples Bank of China said.In September alone, net purchase of Chinese stocks and bonds by overseas investors came in at around 78.2 billion yuan and 86.8 billion yuan, respectively.This marked the fourth consecutive month of net purchase of Chinese stocks by overseas investors.During the January-September period, overseas investors net purchase of Chinese stocks and bonds stood at 18.5 billion yuan and 71.3 billion yuan, respectively, the State Administration of Foreign Exchange said.

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  Chinese market boosts technical innovation in logistics

  (Photo: CGTN)China has remained the worlds largest express delivery market for five consecutive years and express delivery services have become an inseparable part of Chinese life, with one in five people in China enjoying the services every day.Busy sorting robotsThe orange robots of GLP, the Singapore-based developer of logistics properties, is popular at the second CIIE. The robot can identify the destination of a package through a code-scan and has an error rate of less than 0.01 percent, significantly lower than the five percent rate with manual sorting."The sorting robot is funded by GLP and invented by Libiao Robots, a startup in Yiwu, east Chinas Zhejiang Province, which is expert in the electrical control system of silk stocking frame before and applying the technology to the robot," Zhao Mingqi, co-president of GLP China told CGTN."The startup has stood out from the fierce competitive market in China as their major customers are private enterprise in China, which have high requirements for quality and cost of robots," said Zhao, adding that many problems of sorting robots like collision avoidance, or duplicate paths are effectively solved via the orange robot."The robot was first placed in the European and American markets via marketing network of GLP, obtaining the overwhelming response and much better than Amazon Robotics, once known as Kiva Systems," she cited.According to GLP, the sorting robot has been used by China Post, JD.com, Deppon and Shentong (STO) Express, which can consecutively work for four hours after automatically charging for five minutes.Zhao is full of confidence in the Chinese market, further explained that "as the Chinese market is developing very fast, especially with the unprecedented growth in the number of express parcels in China boosted by the development of e-commerce, the robot will be in greater demand on China."Attractive smart drones"DHL entered China in 1980 and then ...