20200828 China News
Source: | Author:eacham | Published time: 2020-08-28 | 1376 Views | Share:

China will work to ensure that business opening will be entirely processed online before the end of the year, as part of effort to further transform government functions with a view to preserving and reinvigorating the market entities, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

Southern Chinese city of Shenzhen, a landmark in the country's reform and opening-up drive, on Wednesday marked the 40th anniversary of the establishment of the special economic zone.


The tropical resort Sanya, in southern China, is seeing increased foot traffic after bylaws were made to spur its nighttime economy, and help its pillar industry of tourism recover.

China will work to ensure that the registration of businesses will be entirely processed online before the end of the year in a further move to transform government functions and reinvigorate market entities, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

Ikea said on Wednesday that it will cut prices of 250 products, which account for about 5 percent of its total inventories in China, from Sept 1 as the Swedish

Ymatou, a Shanghai-based cross-border e-commerce site, plans to open 1,000 offline stores in 100 cities through cooperation with various local governments within three years, in an attempt to cover 200 to 300 million emerging consumers in third-tier cities, said Zeng Bibo, founder and CEO of the company. furniture giant looks to further tap into the country's growing demand for quality lifestyle products.

Forty-two countries and regions have confirmed participation in the 2020 China International Fair for Investment & Trade (CIFIT) and the Belt and Road Investment Congress, according to local authorities.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham



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