Economy

The People's National Assembly (ANP), the Legislative Assembly of China, today approved the new unified foreign investment law, the star project of the agency's annual session, which closes today in Beijing. During the last day of the ANP, which began on day 5, 2,929 deputies voted in favor of the approval, while 8 opposed and 8 abstained, according to the state news agency Xinhua, which highlighted the "overwhelming majority" who supported the decision.

China has again increased its gold reserves. At the end of January, the figure reached 59.94 million ounces, compared to 59.56 million the previous month, according to figures published on Tuesday by the People's Bank of China.

It is the second consecutive month that China, the world's largest consumer and producer of gold, increases the reserves of this precious metal. Before its acquisition in December, the last time the Asian giant bought gold was in 2016. Last year, central banks were the largest buyers of the metal with almost 75%. The entities acquired bullion worth 27,000 million dollars, the largest amount in almost five decades.

Spain wants to stop being a secondary player in the luxury market and step on the heels of the European leaders of the sector, France and Italy, who bill triple with their most glamorous products. And he believes that this adventure is possible. This is indicated by the consulted sources, who repeat as a mantra the promising future predicted by the Bain & Company consultants for the skin of bulls. In 2017, the national business moved 9,200 million euros, compared to 29,000 and 27,000 million in Italy and France, respectively. And in 2025 it will enter around 20,000 million. A great leap that is the tourist attraction of the nation, the leadership in the hospitality and gastronomy segment, the potential of fashion and the development of ad hoc products for this high-flying clientele.

The Innovation Index of China (CII), barometer of innovative capacity in the Asian country, increased by 6.8% in 2017 and reached its highest level since 2005, reports the official People's Daily.

The IIC measures China's development in the surrounding fields for innovation, inputs, production and their effects.

In China, a hotel group has achieved what until recently seemed impossible mission: to go down to the mine is a most gratifying and glamorous experience. To achieve such a milestone, they have had to pull architectural ingenuity, patience and wallet to finish the construction of a five-star hotel 88 meters deep in an abandoned quarry. 

Alibaba Group announced its commitment to help import $ 200 billion worth of products from more than 120 countries over the next five years, underlining the company's long-term commitment to globalization and boosting its efforts to meet growing demand of Chinese consumers of high-quality international products.

With a short sentence - "officially announcing the opening of the Hong Kong-Zhuhai-Macao bridge" - Chinese President Xi Jinping inaugurated on Tuesday the longest bridge in the world over the sea, the colossal work is 55 kilometers long. cost about 20,000 million dollars and its construction for nine years has been plagued by problems, delays and political tensions.

The Spanish project "Strategic Vision for Spain in Asia 2018-2022", developed by the Ministry of Foreign Affairs, has as its main purpose the promotion of relations with the Asian continent.