20201218 China News
Source: | Author:eacham | Published time: 2020-12-18 | 1062 Views | Share:
China has received a request for consultation from Australia after the Oceania country announced it would seek World Trade Organization involvement over alleged tariffs imposed by Beijing on its barley exports on Wednesday, according to the Ministry of Commerce.


Pierre Fabre, a French dermo-cosmetics company, plans to raise its investment in China's skin care market, one of its senior executives said. China, she said, is expected to surpass France to become the group's largest market in three years.


Share prices of Chinese mainland detergent maker Blue Moon Group Holdings Ltd, which raised nearly HK$9.8 billion ($1.2 billion) from an initial public offering on the Hong Kong stock exchange on Wednesday, rose by nearly 13.07 percent.


Luckin Coffee, which claimed to be China's answer to Starbucks, has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, United States regulators said on Wednesday.


China will become a major impetus to global artificial intelligence (AI) development and contribute 15.6 percent of the market scale by 2024, according to a recent report.


Huawei Technologies Co said on Wednesday that it plans to expand its in-house operating system HarmonyOS to all of its self-developed products, including smartphones and tablets next year, as the Chinese technology giant accelerates its push to build a robust app ecosystem amid the US government restrictions.


China's air transport industry will recover faster than other major foreign markets, as China has made remarkable achievements in the prevention and control of COVID-19, the Aviation Industry Development Research Center of China said in a report released Thursday.


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

Author: Producer Emilio Mendez

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