20201230 China News
Source: | Author:eacham | Published time: 2020-12-30 | 940 Views | Share:
China's consumption of steel products is expected to grow marginally next year, after hitting a record this year, said a new report from the Beijing-based China Metallurgical Industry Planning and Research Institute.


Consumption is expected to become a major driving force for China's economic growth in 2021 with more supportive policies in place, while the country's fiscal spending is likely to focus more heavily on public services to improve livelihoods, particularly in education, health and elderly care, to keep the economy stable and within a proper range, experts said.


Less than a week away from the New Year holiday, sporadic COVID-19 cases have resurfaced in China's capital of Beijing as well as northeast Liaoning Province and the southern high-tech hub of Shenzhen, prompting authorities to tighten up epidemic control measures.


Annual 5G smartphone sales will hit 100 million units by 2024, accounting for 60 percent of the market total, thanks to new models and the booming Chinese market, according to research firm Gartner.



China's automobile imports and exports expanded further in November, according to data provided by the China Association of Automobile Manufacturers (CAAM).


China's financial watchdogs have required Ant Group, the financial technology arm of the country's e-commerce giant Alibaba, to rectify its major business lines to comply with laws and regulations, in order to ensure fair market competition and protect consumers' due interests, according to the central bank on Sunday.



US confectionery and pet food giant Mars plans to build Asia's largest modern pet food plant in north China's Tianjin, municipality, according to the company.



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