The companies did not immediately give a figure for the investment, but Chinese state media reported earlier on Thursday it would total 1.2 billion yuan ($192 million).
Analysts, however, predict it would be an uphill climb for export-reliant China's economy going forward as it faced intensified conflict with the US and the negative fallout on its external trade due to Beijing's increasingly aggressive policies towards countries like India resulting in bans of its products and services.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
A former chief of Beijing's local taxation bureau was sentenced to death, with a two-year reprieve, for accepting bribes and embezzling up to 10 million yuan, as part of a crackdown on officials facing corruption charges.
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
At the end of 2014, 70.17 million of China's rural residents lived below the country's poverty line.
China will open up service sectors such as education, finance and culture for FDI to remain an attractive destination for overseas investment.
Evergrande Group has begun work on what will be the world's largest purpose-built soccer stadium, with a capacity of 100,000 seats, in the southern city of Guangzhou, the Chinese real estate company has said. Construction of the Guangzhou Evergrande Soccer Stadium, also dubbed "Lotus Flower Stadium" for its design, started on April 16 and would cost around 12 billion yuan ($1.69 billion) to complete, the group said.
If you are serious about countering the Chinese threat, then the best weapon is investing in real freedom, plurality, elections and democracy. Unfortunately, it isn't an approach all Indians currently seem to agree on, asserts Shyam G Menon.
Chinese shadow banking totals only about $2.2 trillion.
Three researchers from the Wuhan Institute of Virology sought hospital care in November 2019, weeks before Beijing disclosed the COVID-19 pandemic, a United States media report said, citing a previously undisclosed American intelligence document that could add weight to growing calls for a full scale probe of whether the coronavirus may have escaped from China's top bio lab.
China's FDI growth saw ups and downs in the first 11 months of 2015.
India on Tuesday distanced from the ongoing Sino-US row over revaluation of Chinese currency yuan saying it is their bilateral issue.
China hiked its annual defence budget by 7.1 per cent.
The domestic currency has tumbled by 104 paise, or 1.63 per cent, in last six trading days.
Many Chinese companies, including a textile major have spawned strong domestic labels in recent years
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
The bank's net interest income, or revenue from borrowers minus interest paid to depositors, rose 15.2 per cent from the previous year to 417.8 billion yuan, according to the company's annual report filed to the Shanghai Stock Exchange.
Two former Chinese soccer chiefs have been banned for life after they were jailed in June for accepting bribes while Shanghai Shenhua have been hit by a points deduction for next season, the Xinhua News Agency reported on Monday.
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
Hundreds of shoppers pack a wet market on a December weekday morning in the Chinese city of Wuhan, jostling to buy fresh vegetables and live fish, frogs and turtles. Almost a year since the city reported the world's first cases of COVID-19 in one of its handful of vast wet markets, and even as several other countries remain firmly in the grip of the subsequent pandemic, life in Wuhan has largely returned to normal.
China's GDP growth slowed in the second quarter this year to 7.5 per cent, official data showed on Monday, as the Chinese leadership faced fresh challenges to stimulate and revamp the world's second-biggest economy.
Xi said that all poor people in rural areas have been lifted out of poverty. With this, China has achieved the United Nations goal of poverty eradication 10 years ahead of the 2030 deadline, he said.
China's economic growth slowed down to 7.4 per cent year-on-year in the third quarter of 2012, slower from 7.6 percent in the second quarter and 8.1 percent in the first, the National Bureau of Statistics (NBS) said.
The S&P BSE Sensex plunged 555 points to end at 24,852.
The WTO toolkit provides various instruments to deal with such situations - anti-dumping duties, countervailing duties and safeguard measures.
Apart from the cheaper interest cost, the need to make local purchases and payments in the yuan has prompted a few Indian companies with Chinese operations to explore fund-raising opportunities through this route.
The Sensex fell 354 points or 1.3% to close at 27,512 levels.
China's GDP took the worst hit since the disastrous Cultural Revolution in 1976, plummeting by 6.8 per cent in the first quarter of 2020 as the country took unprecedented measures to fight the coronavirus pandemic that brought the world's second largest economy to a standstill. China's gross domestic product stood at 20.65 trillion yuan (USD 2.91 trillion, approx) in the first quarter of 2020 amid the Covid-19 impact, down 6.8 per cent year on year, China's National Bureau of Statistics (NBS) said on Friday.
Twenty six per cent of $1.15 trillion debt incurred by local government in China faced risk due to unqualified borrowers and collateral problems, official media reports said.
China's GDP grew by 4.9 per cent in the third quarter, down from 7.9 per cent in the second, confirming the slowdown of the world's second-largest economy which was under pressure from the crisis-hit property sector, curbs on energy and tardy recovery from the Covid-19 pandemic.
The manufacturing and construction sector accounted for 42.7 per cent of GDP while the farm sector accounted for 9.2 per cent.
The onshore yuan trading band is tightly controlled.
"China has prohibited the Chinese media from reporting on 18 subjects, including yuan revaluation, corruption and problems in Tibet and the Xinjiang Uighur autonomous region," the Japanese daily Asahi Shimbun has reported.
Chinese President Xi Jinping has stressed the need for the recruitment of new talent to support the rapid modernisation of the armed forces and win future wars amid reports that the military has committed more resources to enrol 3 lakh personnel for frontline positions.
The principal topic of hot debate in the previous week-end's IMF-World Bank meetings was the need for realignment of currencies to reduce the global imbalances (read US deficit and unemployment).
Chinese observers believe the Sino-US relationship will be impacted by issues in North Korea, Japan, India, Ukraine and Iran and that conflicts with these 'third parties' will without exception ultimately become conflicts between China and the US, points out former RA&W officer Jayadeva Ranade.
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
