conomy."Our frank, in-dept

h and fruitful

id constructionChinese company to set up JV for Indonesian grid construction01-16-2017 07:18 BJTCHANGSHA, Jan. 15 (Xinhua) -- Go▓ld Cup Electric, a Chinese electrical wire and cable produ

discussions o

cer, will establish a joint venture with an Indonesian firm to off▓er products for the construction of Indonesia's national grid.The Hunan-based Gold Cup Electric will contribute 55 percent

n many topics of c

of the total investment of 560 billion Indonesian rupiahs (42 million U.S. dollars), and the remaining 45 percent will come from ▓PT Bukaka Teknik Utama Tbk, an Indonesian company engaged

ommon conce▓rn

in engineering, procurement and construction, according to the Chinese company.The factory will be built in Indonesia with technology exported from China, and the products will supply In

have deepened mutual

understanding and

trust," Xi▓

donesia's national electric power company.Deng Shaokun, official ▓with Gold Cup Electric, said the company has done research in Indonesia and gained ample knowledge about the country's electronic cable market.If cooperation goes smoothly, Gold Cup Elect

said.China and Fra

nce, as two pe

ric will increase its investment and extend its presence in Indonesia, he said. Please scan the QR Code to follow us on InstagramPlease scan the QR Code to follow us on Wecha▓tChina to strengthen authentification checks on companies going abroadChina

rmanent member

s of the UN ▓

to strengthen authentification checks on companies going abroadChina to strengthen authentification checks on companies going abr▓oad01-04-2017 08:24 BJTSenior Chinese Commerce officials are warning of increased scrutiny this year of Chinese companies p

Security Council

and represent

lanning to invest abroad as part of the attempt t▓o stop illicit capital outflows.Zhou Liujun, director of the Commerce Ministry's Overseas Inves▓tment Department, says new regulations are being drafted which will have Chinese companies looking to invest

atives of Eastern

and ▓Western

abroad undergo stricter authentification checks."Our first move is to increase our authenticity checks. Companies which can prove their overseas investments are legitimate will be given help in making their investments abroad. The second step is to im

civilizations, shoul

d strengthen s

prove o▓ur services to help fend off risks."The move comes amid concerns companies may try to skirt capital outflow restriction▓s through overseas investments which have little or no value to the company itself.The concerns are being prompted by ▓the

trategic communicati

  • continued decline in the value of the renminbi against the US dollar, which most observers expect is going to continue this year as the US Federal ▓Reserve moves to increase interest rates.There are concerns that by increasing the oversight of overseas

    Jennifer - on, shoulder more
  • investments, Chinese companies might become reluctant to make m▓oves abroad.Zhou Liujun says companies which are legitimately attempting ▓to expand their reach on the international market need not worry."We will always sup▓port companies who want to compe

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  • te on the global stage. We want to help give them the capability and competence they can gain by increasi▓ng their international cooperation while moving up ▓the value chain. We want these companies to perform well."Overseas investments by Chinese▓ comp

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