BERLIN Cheap Jakob Chychrun Jersey , Sept. 21 (Xinhua) -- Chancellor Angela Merkel has signaled her willingness to increase the economic pressure on Turkey over the dispute of the German citizens imprisoned in Turkey.
The economic contacts with Turkey have already been restricted, the Chancellor told public broadcaster MDR on Thursday. Even though she "did not want to", Merkel said she would "continue to do so."
Merkel reiterated her criticism of the course taken by Turkish President Recep Tayyip Erdogan. "Turkey is moving away from what we consider a constitutional state," she said.
A number of German citizens have been arrested in Turkey over security authorities' accusation of supporting terrorist organizations. The German federal government and human rights organizations condemn the detentions as arbitrary.
Turkish authorities recently denied representatives of the German consulate to visit the German newspaper "Welt" correspondent Deniz Yuecel, who has been detained for over 200 days.
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NEW YORK, Sept. 20 (Xinhua) -- Chinese supply chain firm BEST Inc., backed by e-commerce giant Alibaba, made its trading debut on the New York Stock Exchange (NYSE) on Wednesday.
BEST priced its IPO offering at 10 U.S. dollars per American Depositary Receipt (ADR), the lower end of the pricing range of 10 dollars to 11 dollars given by the company Cheap Luke Schenn Jersey , trading under the ticker symbol of BSTI.
BEST raised 450 million dollars at 45 million ADRs, which is smaller than the 869.4 million dollars expected a couple of days ago when BEST planned to price 62.1 million ADRs between 13 dollars and 15 dollars per ADR.
However, it is still the biggest Chinese IPO in New York so far this year.
The company started trading at 11.48 dollars per share on Wednesday, jumping 14.8 percent from its pricing.
BEST is a leading and the fastest-growing logistics smart supply chain service provider in China. Its multi-sided platform combines technology, integrated logistics and supply chain services Cheap Wayne Gretzky Jersey , last-mile services and value-added services.
The company has been focusing on scale and growth, through the expansion of network and service coverage, in line with its philosophy to build and invest for the long term.
BEST is backed by Alibaba and Cainiao Network. The company has a strategic relationship with its largest shareholder, making it a key logistics provider to the world's largest retailer, as Alibaba's platforms serve more than 10 million merchants and more than half a billion consumers.
For the six months ended on June 30 Cheap Jeremy Roenick Jersey , 2017, BEST's revenue was 1.2 billion dollars, up 133.5 percent from the same six months a year ago, while its net losses for the six months ended on June 30 were 92.1 million dollars, 1.06 percent narrower than the year-ago period Cheap Teppo Numminen Jersey , according to the company's filing.
The company was founded by Johnny Chou, former president of Google China, and is led by a team with technology and logistics expertise.
"New York is one of the world's most important financial centers. By choosing NYSE to go public, BEST will have a better international vision, which can better serve our customers in the future Cheap Thomas Steen Jersey ," Chou told Xinhua before the opening bell on Wednesday.
Investors kept a close eye on IPO this year, as public offerings have been slowing down these years.
Proceeds from the U.S. IPO market were only 18.8 billion dollars last year, down from 86.6 billion dollars in 2014, according to investment banking firm Renaissance Capital.
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GUANGZHOU Cheap Dale Hawerchuck Jersey , Sept. 1 (Xinhua) -- Fu Rao, a patent engineer at Chinese home appliance maker Midea Group, has no time for cooking yet knows everything there is to know about kitchen ventilators and microwave ovens.
Standing in front of a wall of patent certificates, Fu said his job is to clear patent barriers from other companies to make sure Midea's kitchen products can reach the shelves of any market.
"Protection of intellectual property rights enables us to break through the patent wall built by our competitors and expand our own businesses," he said.
Starting as a rural production unit of just 23 members half a century ago Cheap Bobby Hull Jersey , Midea has grown into a global home appliance giant with an annual revenue nearing 160 billion yuan (24 billion U.S. dollars).
Last year, after taking over German robotics firm Kuka and several arms of Japan's Toshiba, Midea announced plans to enter patent-intensive smart industries, including intelligent supply chains, automation Cheap Keith Tkachuk Jersey , and heating ventilation air-conditioning.
Midea applied for more than 13,500 patents in China in 2016 alone, including 5,500 invention patents.
Sun Mingyan from the law department said the company had also stepped up international patent application.