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Analysts estimate that Apple will cut orders to Foxconn by 20 to 30 percent, mainly due to weak demand for the iPhone XR and XS Max. Media also reported Foxconn aimed to cut 20 billion yuan from its expenses this year as it faces a very difficult and competitive year.
Analysts attributed the fast FDI growth to effective policy that has boosted the confidence of foreign investors, as well as the accelerated process of industrial restructuring.
Analysts said on Monday they believed that the initiative in the CNPC would see an improved market focus and a more flexible company, making it more vigorous and competitive in the global marketplace.
Analysts from China Merchants Securities wrote in a note the A-share market's 5 percent inclusion will hopefully bring in another 40 billion yuan of investments into the Chinese stock market by September.
Anhui province will invest 1.3 trillion yuan in nearly 7,000 projects this year, a provincial development and reform commission official said at a press conference on Friday in Hefei city. [Photo provided to chinadaily.com.cn]