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The Chinese state-owned company causing controversy in Wigan

The Chinese state-owned company causing controversy in Wigan
manchestereveningnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manchestereveningnews.co.uk Daily Mail and Mail on Sunday newspapers.

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Controversy over Chinese state-owned company's involvement in Wigan town centre redevelopment

Controversy over Chinese state-owned company's involvement in Wigan town centre redevelopment
wigantoday.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wigantoday.net Daily Mail and Mail on Sunday newspapers.

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Suning Announced Establishment of New Retail Development Fund with Jiangsu State-owned Assets

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NANJING, China, May 6, 2021 /PRNewswire/ Suning Group, today announced that it signed a framework agreement for the establishment of a New Retail Development Fund with Jiangsu Province State-owned Assets and Nanjing Municipal State-owned Assets. The New Retail Development Fund is jointly funded by Suning, State-owned Assets and Nanjing Municipal State-owned Assets and social capital, with a total size of RMB 20 billion.
As a local enterprise rooted in Jiangsu Province, Suning is always focusing on its main retail business, and actively integrating into the new development pattern of dual circulation . The fund will support Suning in adjusting and optimizing its structure, revitalize high-quality assets, achieve transformational development, and promote the high-quality development of the new retail industry. ....

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China's First Self-Developed Memory Chip Maker Scores Financing – China Money Network

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China’s first self-developed memory chip project received financial support, but it remains uncertain if the project can achieve its technology and financial objectives.
On December 14, China’s National Semiconductor Fund, Anhui State-owned Assets, GigaDevice, an entity controlled by ChangXin Memory Technologies’ chairman Zhu Yiming, Xiaomi Yangtze River Industry Fund and other institutions invested in Changxin’s parent company Ruili Integrated Circuit Co., Ltd.
This latest round of financing introduced a number of investors outside of Hefei’s State-Owned Assets, and the financing reached RMB15.65 billion yuan.
Ruili Integrated Circuit Co., Ltd. was established in 2016 as China’s national strategy of accelerating the development of its own integrated circuit industry was heating up. ....

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Official in China's Inner Mongolia Falls to His Death Amid Local Corruption Probes

Official in China’s Inner Mongolia Falls to His Death Amid Local Corruption Probes
Deputy mayor Wang Meibin of Baotou city, Inner Mongolia fell to his death on Dec. 12, a few days after local officials were placed under investigation amid a corruption probe into the region’s coal mining industry, according to Chinese media reports.
Wang reportedly “fell from his home” in the Ejin Horo Banner of Ordos city in Inner Mongolia and local authorities have ruled out homicide, according to state-run media Xinhua.
Wang, 51, was a native of Ordos. Before he was deputy mayor of Baotou, Wang held important posts in the municipal government of Ordos, including deputy director of the State-owned Assets and Administration Commission (SASAC), director of the Finance Bureau, and Chinese Communist Party chief of the Ejin Horo Banner, according to official records. ....

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