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February, 28, 2017

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China > Business
Tianjin port applies brakes to coal truck transport
Tianjin port, one of the country's busiest, will apply the brakes to coal transportation by trucks from the second half of this year, to alleviate pollution caused by diesel-powered trucks and coal consumption, its mayor said.
 
The value of capital projects and M&A deals in seven core infrastructure sectors across the 66 economies in the Belt and Road Initiative reached nearly $494 billion in 2016 and China contributed one-third of the total value in the period, according to PricewaterhouseCoopers.
 
Foreign trade rises 19.6% in January
China's exports to markets along the Belt and Road Initiative, including Russia, Malaysia and India, surged in January, indicating that their ongoing industrialization and infrastructure development continued to stimulate economic exchanges with China, experts said on Wednesday.
 
Red aiming to befriend women with sharing app
A crowded Macy's mall in downtown New York is where Qu Fang first met her business partner Mao Wenchao 11 years ago.
 
Nation's investments creating thousands of new British jobs
The fast expansion of Chinese companies in the United Kingdom is creating local jobs at a time when Brexit uncertainties have caused unemployment fears.
 
Industry cashes in on upgrading
Chinese machinery manufacturers have made notable technological breakthroughs to supply high-end products for big-ticket nuclear, ultrahigh voltage, hydro and wind power projects, senior officials said on Tuesday.
 
Sinopec to harvest more heat from earth
State-owned Sinopec Group's interest in geothermal energy has grown as it seeks to diversify beyond oil and gas production.
 
Payments made on Chinese smartphones are nearly 50 times greater than the number of mobile transactions in the United States, signaling a late-mover advantage with robust potential for the fintech sector, the Financial Times reported on Tuesday.
 
Tighter property loans squeeze homebuyers
Homebuyers face more pressure getting financing after mortgage lending has tightened in several major cities, in a series of measures curbing speculative buying and cooling down the overheated property market, said analysts.
 
Retailers cash in on festival of love
Whether you've just fallen in love or have been in a relationship for years, getting a decent present online for the Valentine's Day has become a new norm to celebrate the holiday of love.
 
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