Hefei, the capital of the eastern Anhui province, has placed a heavy focus on innovation and emerging industries, including new energy vehicles, with officials from across China eager to copy the formula for success.
Beijing has defended China’s ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches the potential for economic growth, but analysts say there are still issues to be addressed.
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The 7th China-Eurasia Expo concluded on Thursday in Urumqi, regional capital of Northwest China’s Xinjiang Uygur Autonomous Region. The four-day fair attracted more than 3,600 domestic and foreign companies, and it set records for new contracts signed, dwarfing the US’ vicious attempt to crack down on Xinjiang industries.