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China National Electronics Import & Export Corporation (CEIEC) is a Chinese state owned enterprise in diversified business areas. It is one of a handful of defense trading companies authorized to represent the domestic defense production industries in overseas sales, concentrating on sales of defense electronics. [ 1 ]
The company's stated current primary business is in providing services to projects of the Belt and Road Initiative. Established in 1952, in 1998 the company became a subsidiary of China General Technology Group (Genertec) owned by State-owned Assets Supervision and Administration Commission of the State Council (SASAC). [ 3 ]
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
One of the company's key international projects, completed in 2014, was the construction of the Ankara-Istanbul high-speed railway with China Railway Construction Corporation Limited and Turkish consortium partners. [1] In 2013–2019, CMC extended Sri Lanka's Coastal line from Matara to Beliatta. [2]
Specialized companies and regional subsidiaries of CATIC in Beijing, Shanghai, Guangzhou, Shenzhen, Zhuhai, Xiamen, Fujian, Hangzhou, Dalian and Harbin focus on non-aviation business in commerce, finance, real estate, hotel and real estate management, public tendering and bidding, machinery procurement, civil construction, logistics, investment ...
China's imports last month surged 7.2% year-over-year, led by an influx of tech products. BofA says the increase points to stockpiling ahead of new restrictions.
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