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China's top economic planner has allocated 200 million yuan ($28.3 million) from the central budget to support the construction of transportation hubs in five cities to improve China-Europe rail freight services.
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Cross-border e-commerce, online trading, and service trade are key tools for China in tackling economic downwards amid the COVID-19 pandemic, Guan Tao, chief global economist of BOC International (China) Co Ltd, said, reported China Securities Journal on Monday.
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Sinopharm Group is speeding up development of a candidate vaccine for the novel coronavirus that causes COVID-19, with more milestones having been achieved by the Chinese State-owned pharmaceutical giant ahead of hoped-for mass production.
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OPPO announced Monday it will cooperate with Vodafone and Ericsson to construct the first 5G standalone network in the United Kingdom and offer network slicing services, 163.com reported.
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Shanghai was hit by downpours on Monday, causing flooding and heavy traffic congestion during morning rush hour.
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BMW is building an innovation base in Shanghai with China's e-commerce giant Alibaba to help foster technology startups in the country, in a bid to commercialize technological innovations in the premium mobility sector.
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Car dealers in China are trying to win back showroom traffic now the coronavirus has been curbed, but one problem is that more than 40 percent of potential buyers disqualify a brand without visiting its showroom, according to a JD Power survey.
Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday,China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham
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