China promoting construction

China's government aims in developing a nation where innovation will be boosting the local officials and governments to construct new buildings and support creativity.

China's innovation centers to reach 5,000 in 5 years

As per iiMedia, internet research firm, the innovation centers are set to be around 5,000 in the next five years.

The majority of such centers, though, appear in small towns or cities where the location is not the ideal one for startup businesses. There is mostly lack of financial ability, marketing, and technical expertise.

Some indicators for the day

Germany

Germany's industrial production dropped from 0.5% to -1.3%. The analysts predicted the IP to fall -0.1%.

United Kingdom

U.K's Halifax HPI climbed from 0.9% to 1.3%. The economists and the analysts estimated the indicator to appreciate 0.4%.

Norway

The Norwegian manufacturing production rose from -0.7% to 0.2%. The analysts estimated the production to escalate 0.2%.

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