COVID-19 may have pushed many of China's troubled export-oriented firms to sell their products in the domestic market for sheer survival, but Suzhou Walklake Smart System Co Ltd, a Jiangsu province-based robot manufacturer, is a glorious exception, its top executive said
China's island province of Hainan has recorded spending on offshore duty-free shopping by visitors of 450 million yuan (about $64.34 million) from July 1 to 7, according to the General Administration of Customs.
China's railway passenger trips in the first half (H1) of 2020 declined 53.9 percent year-on-year amid the novel coronavirus outbreak. In H1, a total of 818 million railway passenger trips were made across the country, according to China State Railway Group Co Ltd.
Consumption is seeing a strong rebound in Guangzhou, Guangdong province, after a series of stimulus measures were introduced in April. Guangzhou's retail sales volume has logged growth for the second consecutive month, said Lin Guoqiang, deputy director of the Guangzhou Bureau of Commerce.
China's official Purchasing Managers' Index for the manufacturing sector came in at 50.9 in June, up from 50.6 in May, with the non-manufacturing PMI rising to 54.4 from 53.6 in May, showing better-than-expected indicators compared to high-frequency data.
A total of 121 projects in 18 cities and counties (districts) in Hainan province have been rolled out to build the Hainan Free Trade Port, said Hinews.cn on Monday. The investment for the projects or the second batch construction for the free trade port is worth 28.1 billion yuan ($4.02 billion), 5.9 billion yuan of which will be invested this year.
Chinese online education startup Yuanfudao announced on Monday it has become the official e-learning service sponsor of the Beijing 2022 Winter Olympic and Paralympic Games.
Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday,China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham