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And according to the Asia Development Bank, infrastructure projects for the Belt and Road Initiative will top trillion by 2020.

Analysts said the move of making cars in China for the international market, which has been rare so far in the country's automotive industry, signals the joint venture's growing importance in BMW's ACES strategy, which stands for automated, connected, electrified and services.

An official with the education bureau of Jianggan district said they welcome such innovative measures, "as long as they are within a moderate and reasonable range".

Analysts estimate that a reasonable valuation of Toshiba's chip business is between .5 billion and billion, and those familiar with the matter say that the second-highest bidder offered in the region of trillion at the end of March, according to a Bloomberg report.

Andritz has over 200 employees in China engaged in research and new products design. They completed 155 research projects and obtained 34 patents over the past three years. The company co-developed a new system for garbage disposal and recycling with a local Guangdong company.