China plans to invest more than five billion euros in the Great Stone Industrial Park east of Minsk. Critics say it provides little benefit to the country.
Chinese e-commerce firm Alibaba already ranks alongside Amazon and Walmart as one of the world's largest retailers. Its latest announcement of a major logistics investment and takeover shows the scale of its ambitions.
China's non-financial investment in foreign countries has slumped considerably, figures from commerce officials have shown. The fresh data came as the government kept a tight grip on capital outflows.
Germany's Siemens and France's Alstom may be on the verge of merging their rail businesses, media reports suggest. It would come at a time when they are facing growing competition from China's state-backed rival CRRC.
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