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|BEIJING nike air zoom pegasus all out flyknit australia , Aug. 3 (Xinhua) -- As China's "new economy" goes fromstrength to strength, more and more foreign firms are jumping infor a slice of the pie.
Shared bikes flood the city streets, diners pay for meals ontheir smartphones, electric cars whizz down the roads: in therapidly shifting picture of China's new economy, foreign companiesare not absent.
Apple is betting big on this emerging market. Two weeks ago, itsmobile payment service Apple Pay launched its largest-scalemarketing campaign since entering China, offering perks includingup to 50 percent discounts on purchases for a week.
Despite a much smaller presence than its Chinese rivals Alipayand WeChat Pay nike air solarsoft zigzag australia , the country's massive mobile payment market is hardto ignore for the U.S. tech giant.
The general merchandise volume of China's third-party mobilepayments reached 38 trillion yuan (5.7 trillion U.S. dollars) in2016, up more than 200 percent from 2015, according to estimates byconsultancy iResearch.
Apple's interest is not just in mobile payments. Last year, itmade an investment of 1 billion dollars in Chinese on-demandmobility provider Didi Chuxing. This spring, Apple CEO Tim Cookvisited bike-sharing start-up Ofo during his China tour.
The sharing economy is taking off in China, so is its appeal toforeign investors. The country's top bike-sharing companies, Ofoand Mobike nike air max tavas australia , have attracted investment from the United States,Japan, Singapore and elsewhere.
Some foreign firms see business opportunities come in anindirect way. One example is the U.S.-funded Dow Chemical (China)Investment Company, which signed a memorandum of understanding withMobike in May to help the latter develop lighter and moreeco-friendly shared bikes.
U.S. home-sharing company Airbnb has said it plans to more thantriple the size of its China workforce this year and double itsinvestment in the market to better serve Chinese travelers.
E-commerce is another success story in China's new economy.Online retail sales reached 3.1 trillion yuan in the first half ofthis year, a surge of 33.4 percent from a year earlier.
While Chinese firms Alibaba and JD grab the limelight, theirU.S. rival Amazon is also doing well.
On Black Friday last year, sales at Amazon China doubled from ayear earlier nike air max typha australia , according to a company report. The number of activeusers of its cross-border shopping service soared 22 times byDecember 2016 from two years earlier.
In a move to tap deeper into China's Internet economy, Amazon inJune partnered with Migu, a China Mobile subsidiary with one of thecountry' s largest mobile reading platforms, to launch a new Kindleexclusively for Chinese readers.
China's spectacular growth used to be built on cheapmanufacturing, low-end exports and smokestack industries. Now, witha wealthier domestic consumer base as well as technologicalprogress, it is reconfiguring the economy for more consumption nike air max 270 australia ,more innovation and less pollution.
The sight of new energy vehicles (NEVs) on China's roads isincreasingly common. About 510,000 NEVs were sold in China lastyear, up 53 percent year on year, and the number is expected to hit800,000 this year, according to the China Association of AutomobileManufacturers.
International brands are doubling down on the market. Tesla hasAsia's largest supercharger station in Beijing and plans to addover 300 supercharger stalls in the country this year, more thanthe combined increment of the past two years.
Denmark-based world-leading biotechnology company Novozymes seeslong-term opportunities in China's industrial biotechnology sectoras China transits to a greener nike air max tn australia , innovation-driven economy.
"We believe China's efforts to build up an inclusive businessenvironment, and the relentless efforts to drive supply-side reformwith an emphasis on sustainable growth, will lead to more businessopportunities," said Sara Dai, Novozymes regional president of AsiaPacific.
Official data also showed growing foreign interest in China'snew economy. In the first half of 2017, foreign direct investment(FDI) into China's high-tech manufacturing and services rose 11.1percent and 20.4 percent year on year, respectively.
During the same period nike air vapormax 95 australia , FDI in information technology services,a significant part of the new economy, jumped 35.6 percent year onyear, said Gao Feng, spokesperson of the Ministry of Commerce.
Singapore investment firm Temasek Holdings wants to increaseinvestment in China's new economy, said Wu Yibing, Temasek's jointhead of China.
The transition of China's economy has brought about a number ofvery attractive sectors including high-tech nike air vapormax 97 australia , non-banking finance,life science and consumption, Wu said. Enditem
BRAZZAVILLE, Sept. 11 (Xinhua) -- As the 11th edition of the 2015 All Africa Games enter Day Seven, Egypt have maintained their lead on the medal table standings.
The Egyptians who even had to pull out their football team two weeks to the start of the Games have won a total of 93 medals which include 31 gold, 31 silver and 31 bronze.
In swimming Egypt's Farida Osman was dominant and also won the 100m butterfly to claim gold in a winning time of 58.83.
Ahmed Akram added a second win to Egypt's column, claiming gold in the men's 400m freestyle. Although Egypt picked several medals in swimming nike air vapormax 2.0 australia , South Africa proved supreme with more than 20 medals won.
South Africa who won a number of medals in badminton that climaxed on Wednesday are second on the medal table with 29 gold medals, 22 silvers and 16 bronze medals.
Algeria and Tunisia are in third and fourth place respectively while Uganda, Kenya, Benin and Libya are joint 18th with one bronze medal.
By Xinhua Writers Wang Xiaopeng and Liu Fei
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