20210408 China News
Source: | Author:eacham | Published time: 2021-04-08 | 1017 Views | Share:



China's two centrally-administered, State-owned chemical manufacturers－Sinochem and ChemChina－are being restructured and merged to form a behemoth. Industry observers said on Thursday they expect the merger to usher in high-quality development in the country's chemical industry, in line with the larger national policy.


Beijing-headquartered, carrier-neutral, hyperscale data center solution provider Chindata Group released its second annual environmental, social and governance report in a bid to stay consistent with the country's carbon-neutrality goal by 2060.


Personalization and beauty technologies are key to L'Oreal Group's sustained growth in China, a country that outperformed other major markets last year despite COVID-19, a top company official said.


The eastern Chinese city of Shanghai saw a consumption boom during the Tomb-sweeping Day holiday, according to local authorities.During the three-day holiday that concluded on Monday, 140 of the city's major retailers and catering businesses saw a sales volume of 1.24 billion yuan (US$189 million), up 55.2 percent over the same period last year, showed data released by the municipal commission of commerce.

The International Monetary Fund on Tuesday predicted China's economy to grow at 8.4 percent this year, which is 0.3 percentage point stronger than in its January forecast, while global growth is expected to reach 6 percent in 2021, a higher-than-expected recovery that could face "daunting challenges" ahead.

China's poor areas have achieved sustained and rapid economic growth as the battle against poverty released the potential of these areas and injected vigor into their development, said a white paper issued on Tuesday.

China is expected to maintain a neutral monetary policy in the second quarter, as stronger investment will lead to a solid economic recovery, while there should be additional risk-control efforts, economists said on Monday.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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