20220818 China News
Source: | Author:eacham | Published time: 2022-08-18 | 502 Views | Share:



01

China's resilient economy has been injecting more positive energy into the global economic recovery in the post-COVID-19 pandemic era, Cambodian experts have said. The Chinese economy maintained its recovery trend in July with major economic indicators posting steady growths despite domestic COVID-19 outbreaks and heatwaves.

 

02

Galanz Group, a leading Chinese household electrical appliance maker, realized a year-on-year increase of 9.8 percent in exports for the first half of 2022 thanks to diversified products specially tailored to overseas customers, according to the company.

 

03

In a world where computing power may become the next strategic competition area, the Wuhan Supercomputing Center, China's largest container-like computing facility, was recently officially connected to the national computing network and is in its final launching stage.

 

04

China's top market regulator stipulated that businesses shall not sell blind boxes to juveniles under 8 years old in a draft guideline to regulate the billion-dollar blind box sector. According to the State Administration for Market Regulation on Tuesday, businesses can only sell blind box to juveniles aged 8 and above after obtaining the consent of their guardians. The guideline is still asking for public opinions.

 

05

China is planning a third batch of projects supported by special government bonds, and will speed up the construction of a batch of key projects in the second half of the year, the country's top economic regulator said on Tuesday.

 

06

The local government of Nansha district in Guangzhou, capital of Guangdong province, has established awards and subsidies to encourage local enterprises to seize orders and expand in the overseas market, according to a senior official. Awards for foreign trade growth will be up to 5 million yuan ($740,000) and subsidies of up to 500,000 yuan will be given for enterprises participating in professional exhibitions, according to Wei Min, executive deputy district chief of Nansha.

 

07

BHP Group, the world's biggest miner expressed a positive outlook on China's efforts to reboot the country's growth and stabilize its property sector, according to a Bloomberg article on Tuesday. BHP said China's infrastructure and automotive sectors are "already responding to policy support," although a rebound in housing activity is expected to take longer.






Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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