20201213 China News
Source: | Author:eacham | Published time: 2020-12-13 | 1192 Views | Share:
The COVID-19 pandemic has forced China's financial system to tackle immediate challenges including the very survival of some businesses. But top regulators have not ignored a longer term issue that is as pressing as the former, if not more so－namely, the sustainability of the pension system.


Real estate companies are accelerating digitalization as developers step up efforts to improve efficiency while seeking new opportunities under an ever-prevalent trend to transform themselves into integrated services providers, according to a report.


Shanghai stocks retreated on Friday from an earlier rally to end the week with a nearly 3 percent weekly loss. The benchmark Shanghai Composite Index fell 0.77 percent to 3,347.19 points, while the smaller Shenzhen Component Index plunged 1.28 percent to end at 13,555.14 points.


Central China's Hubei province, once hard hit by COVID-19, saw 10.1 percent growth in foreign trade in the first 11 months of this year, local authorities have said.The total value of imports and exports hit 391.6 billion yuan (about $60 billion) over the period, up 10.1 percent year-on-year, according to customs in the provincial capital of Wuhan.


The Communist Party of China (CPC) Central Committee's proposals for formulating a new five-year development plan and long-range objectives open up tremendous opportunities for enterprises from both the mainland and Taiwan, said entrepreneurs attending the 2020 conference of the summit for entrepreneurs across the Taiwan Strait.


Shares of Airbnb Inc more than doubled in their stock market debut on Thursday, valuing the home rental firm at just over $100 billion in the biggest US initial public offering of 2020 and capping a bumper year in which investors flocked to tech stocks.


China's total energy consumption this year is expected to continue rising with the proportion of clean energy in the energy mix increasing as well, according to a report from the Energy Development Research Institute of China Southern Power Grid.


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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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