20200612 China News

Source: | Author:eacham | Published time: 2020-06-12 | 647 Views | Share:

Some 23 regions in China have issued work plans to renovate aging urban residential communities this year, including what and where to upgrade, funding sources and related industrial chain, according to a Wednesday report from 21 Century Business Herald.

Shanghai-based online grocery and food delivery firm Dada Nexus, which successfully listed its shares on the Nasdaq on Friday, has called for better market audit and regulations, amid intense scrutiny of Chinese companies planning listings on US bourses.

Mobile phone shipments in China reached 33.8 million units in May, down 11.8 percent on a yearly basis, according to a recent report by the China Academy of Information and Communications Technology.

The world's deepest underground 5G network has been opened and optimized at Yangquan Coal Industry (Group) Co in China, Shenzhen Economic Daily reported on Wednesday.

The luxury goods sector has witnessed a rebound in China and is playing an active role in boosting global economic recovery despite the challenges posed by the COVID-19 outbreak, with more high-end brands accelerating their digitalization push and expanding their online presence, said industry insiders.

Mercedes-Benz sold more than 70,000 passenger cars in May and achieved a double-digit growth in China, German carmaker Daimler announced on Tuesday.

China will strive to provide more funding sources for small businesses and look to lower the financing costs via financial bonds for micro and small enterprises.

The China International Fair for Trade in Services (CIFTIS), a major platform for the services trade in the country, will be held in early September in Beijing, local authorities said on Tuesday.

Source：Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham