20230109 China News
Source: | Author:eacham | Published time: 2023-01-09 | 595 Views | Share:



01

Yann Bozec, a French citizen and president for the Asia-Pacific region at Tapestry Group, a luxury goods company based in the United States, has two new year wishes. He wants to add 100 stores across China by 2025 and deploy more resources to spur sales through digital channels and duty-free business at Hainan Free Trade Port in Hainan province.

 

02

The China Banking and Insurance Regulatory Commission is launching new efforts to bolster the real economy by boosting consumption. China's financial policy should cooperate with its fiscal and social policies more proactively by giving priority to its support for consumption recovery and expansion, according to decisions made at a recent meeting of the CBIRC.

 

03

Standard Chartered Bank (China) Limited announced on Wednesday that, with the permission by relevant regulatory authorities, the bank has completed its first treasury bond futures transaction through accounts opened at a futures company. It thus became the first foreign bank to participate in the trading of treasury bond futures in China.

 

04

The metaverse is reshaping the operations and strategies of Chinese e-commerce platforms, as futuristic marketplaces are built that can better serve consumers' real and virtual needs, industry experts said. Immersive technologies such as virtual reality and augmented reality, which are vital for the creation of a virtual presence in the metaverse, have the potential to change the way people shop by creating simulations of merchandise and providing interactive consumer experiences, they added.

 

05

China will step up efforts to map blueprints for future industries such as humanoid robots, the metaverse and quantum technology, as part of its broader push to cultivate emerging industries and build a modern industrial system, the Ministry of Industry and Information Technology said.

 

06

China is expected to ramp up domestic iron ore sources while enhancing the utilization of scrap steel and housing more overseas mining assets to safeguard the supply of iron ore, a key raw material for steelmaking, experts said. Domestic output of iron ore and scrap steel supplies will grow, mitigating the nation's reliance on iron ore imports, they added.

 

07

China and Ecuador have reached preliminary consensus at a technical level in their free trade agreement talks after more than 10 months of intensive negotiations, said China's Ministry of Commerce.

 

08

More foreign technology and manufacturing projects will be introduced in Guangzhou, Guangdong province, in 2023, as local authorities have pledged to organize frequent and efficient investment events in key industries, a local commerce official said.



 


Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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