The ride-sharing and ride-hailing race in China was elevated on Wednesday when Didi Kuaidi, Uber Technologies Inc's biggest rival in the country, confirmed it has invested $100 million in Lyft Inc.
A high-speed railway project between Las Vegas and Los Angeles will be built by a joint venture formed by Chinese rail companies and XpressWest Enterprises, a US passenger rail service provider.
China's direct investment in the United States will continue to grow rapidly－and any interest rate hike by the Federal Reserve will likely have a limited impact on future Chinese investment.
China Electronics Corp, the nation's largest State-owned information technology company, is in preliminary talks to acquire United States-based Atmel Corp.
Federal Reserve keeps interest rates unchanged in a bow to worries about the global economy, market volatility and sluggish inflation.
China National Machinery Industry signs memorandum of understanding with General Electric to develop Africa's clean-energy market.
Deals between China and the United States, have gained momentum as the value of announced mergers and acquisitions (M&A) between the countries reached $4.88 billion during first eight months of this year.
With $100 million in initial capital, the 370-km Xpress West high-speed railway project will connect Las Vegas and Los Angeles.
The world's first Coca-cola themed restaurant opened to business in the Oriental Pearl TV Tower in Shanghai. The restaurant can provide Chinese, Japanese, western and East Asia foods to customers.
The ride-sharing and ride-hailing race in China was elevated on Wednesday when Didi Kuaidi, Uber's biggest rival in China, confirmed that it has invested $100 million in Lyft, Uber's biggest competitor in the United States.
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