20200913 China News
Source: | Author:eacham | Published time: 2020-09-13 | 730 Views | Share:

Switzerland-based food and beverage giant Nestle SA said on Thursday that it would invest an additional 400 million yuan ($58.48 million) in the northeastern Chinese province of Heilongjiang to enhance its grain cultivation and dairy farming capacities in the country.

The digital economy has become a powerful engine of global economic growth as a new round of scientific and technological revolution and industrial transformation is accelerating, said a top industry official.

Samsung Electronics Co Ltd is shifting its focus in China to high-end manufacturing and cutting-edge technology sectors like semiconductors and electric vehicle batteries, while deciding to shut down its television factory in Tianjin.

Southwest China's Chongqing municipality saw its foreign trade volume rise by 10.3 percent year-on-year to 398.4 billion yuan (about $58.3 billion) in the first eight months of 2020, the local customs said Saturday.

China's Hainan free trade port has launched a global competition soliciting logo designs in a bid to create a unique visual and cultural symbol for itself.

China's top 500 private enterprises saw steady growth in their ability to innovate during 2019, according to a report released by the All-China Federation of Industry and Commerce (ACFIC).

With China on its way to build a group of world-class, benchmark, State-owned enterprises that are leaders in high-quality development, the country's SOEs have been accelerating innovation to further compete with established rivals around the world.






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