A number of smaller American firms are attending the World Internet Conference in Wuzhen, Zhejiang province, this year but many big US names have stayed away. Photo: EPA

Google and Facebook stay away but smaller US firms scout for business at China’s World Internet Conference

  • Some American hardware providers attend state-backed event along with Chinese entrepreneurs Jack Ma and Robin Li
  • Honeywell, Qualcomm, Intel, and Cisco Systems, as well as software and cloud services provider Microsoft attend event also known as the Wuzhen Summit
Topic |   China economy

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A number of smaller American firms are attending the World Internet Conference in Wuzhen, Zhejiang province, this year but many big US names have stayed away. Photo: EPA
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The National Development and Reform Commission (NDRC) has given the green light to 21 major infrastructure projects between January and October this year. Photo: Xinhua

China doubles value of infrastructure project approvals to stave off economic slowdown amid trade war

  • Sharp increase in infrastructure project approvals implies greater infrastructure spending in coming years, helping to stabilise China’s economy
  • Actual infrastructure investment accelerated to 4.5 per cent in the first nine months of 2019, up from 4.2 per cent in the first eight months
Topic |   China economy

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The National Development and Reform Commission (NDRC) has given the green light to 21 major infrastructure projects between January and October this year. Photo: Xinhua
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