20221002 China News
Source: | Author:eacham | Published time: 2022-10-02 | 944 Views | Share:



01

China's foreign trade is expected to maintain momentum this year despite various challenges like high raw material and energy costs, a survey released on Thursday revealed. The profitability of Chinese exporters in sectors like railway and aviation-related equipment manufacturing, shipbuilding and automobile, has improved during the third quarter of this year, according to a survey by the China Council for the Promotion of International Trade.

 

02

K11, a subsidiary of New World Development, said it plans to build 21 new projects nationwide by fiscal 2026, with a business focus on the Guangdong-Hong Kong-Macao Greater Bay Area, as the company is bullish on the growth potential of consumer spending.

 

03

With the weeklong National Day holiday around the corner, many Chinese consumers have booked flight tickets and premium hotels with beach views and hot springs, as they would like to grab the opportunity to travel during the last long break of this year.

 

04

Car buyers are more satisfied with Chinese marques' aftersales service this year than before, according to a J.D. Power study. The annual China Customer Service Index Study measures customer satisfaction based on six factors, including service team, service quality as well as service facilities.

 

05

Dubbed as an access threshold for the industry, mandatory national standards for e-cigarettes will go into effect on October 1.The standards stipulate that the nicotine concentration in e-cigarettes should not be higher than 20mg/g, and the total amount of nicotine should not be higher than 200mg. The amount of impurities and pollutants in atomization, such as heavy metals and arsenic, are also strictly limited.

 

06

China's factory activity returned to expansionary territory in September as production and new orders increased, reflecting that the nation's economic recovery is gaining momentum amid a better COVID-19 situation domestically and intensified macroeconomic policy support, officials and experts said.

 

07

China's central bank announced on Friday that it would cut the loan interest rates of the housing provident fund for first-home buyers by 0.15 percentage points. Starting Oct 1, the interest rates for loans that mature within or at five years will be at 2.6 percent, while the over-five-year rate will be slashed to 3.1 percent, the People's Bank of China (PBOC) said on its official website.




Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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