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Numbers of the Week February 20-27, 2020
  ·  2020-02-17  ·   Source: NO.9 FEBRUARY 27, 2020

By 2024, some 80 percent of China's banks will have purchased and integrated financial technology solutions from the cloud market, International Data Corporation, a global market intelligence firm, predicted. China's financial industry has actively embraced a new generation of information technologies such as cloud computing, big data, artificial intelligence, mobile Internet and the Internet of Things.

Driven by the Belt and Road Initiative, Asia became the most popular overseas mergers and acquisitions (M&A) destination for Chinese enterprises last year, a report by the global consulting firm Ernst & Young said. Chinese firms made M&A deals worth $22.3 billion in Asia last year, up 19.1 percent year on year, accounting for nearly 30 percent of the total.

China will fast track the mechanization development of the husbandry sector, with the aim of achieving a 50-percent overall mechanization rate by 2025. The mechanization rate in the large-scale breeding of live pigs, broiler chickens and layer chickens will reach 70 percent, while that of beef cattle and sheep should exceed 50 percent, according to the Ministry of Agriculture and Rural Affairs.

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