20201225 China News
Source: | Author:eacham | Published time: 2020-12-25 | 1136 Views | Share:
Nighttime consumption in China has almost returned to last year's level, an index based on big data has shown.The nighttime consumption recovery index has reached 92.6 this year, indicating the whole year's nighttime consumption is almost the same as last year, according to big data released by the China UnionPay Merchant Services Co Ltd (China UMS) on Wednesday.


Authorities have officially conducted an anti-monopoly probe into e-commerce giant Alibaba Group and are about to summon its affiliate Ant Group for a financial regulations meeting, the latest moves to curtail antitrust practices and prevent the "disorderly expansion of capital" that Beijing has been advocating.

Huawei Technologies Co is doubling down on its smart home strategy by unveiling a string of new products, including smart TVs and its first in-car smart screen device.The move came as Huawei's consumer business group places more emphasis on its non-smartphone business, after the company sold its sub-brand phone unit Honor amid a shortage of core components.


Herbalife Nutrition, a United States-based nutrition company, will expand its presence in more county-level markets and deploy additional digital resources as part of its efforts to tap the huge potential in the Chinese market, a top company official said.


With a number of power and transport projects built in recent years, the China-proposed Belt and Road Initiative is playing a positive role in Europe, providing clean power and high-quality infrastructure to locals.Being benefit-sharing, environment-friendly and high-quality, the BRI projects bring tangible benefits to Europe.


China will reduce or cancel tariffs on certain imported goods and materials starting in 2021 in a bid to expand imports, boost the domestic market and support the formation of high-standard free trade areas under the country's new "dual-circulation" development paradigm, according to the Ministry of Finance.


Economic activity will continue to accelerate in China next year on the back of existing supportive policies, despite a grim outlook for global growth due to the resurgence in novel coronavirus cases and lockdowns, economists said.


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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

Guangzhou Office:
Suite 1816-1819, Guangzhou International Sourcing Center, No. 8 Pazhou Avenue East ,Haizhu District, Guangzhou, Guangdong Province.
Tel：+86-20-89059525

E-mail：gz@eacham.org

Shanghai Office:

Global Chambers Zone 

No.624C of Office Building B, National Convention and Exhibition Center(Shanghai)

Tel：+86-13917039347

E-mail：shanghai@eacham.org

Contact us
Beijing Office:

Room 607, No,1 East International Building, No,1 Ciyunsi, Chaoyang District, Beijing.

Tel：+86-10-64952381

Fax：+86-10-64958922
E-mail：info@eacham.org