20221105 China News
Source: | Author:eacham | Published time: 2022-11-05 | 602 Views | Share:



01

Southwest China's Yunnan province reported robust foreign trade growth in the first three quarters of 2022, according to the local customs authority. The province's total import and export value from January to September hit 260.91 billion yuan ($35.96 billion), up 16.4 percent year-on-year.

 

02

PetroChina is among the eight new international firms the Bangladeshi government has listed to purchase LNG (liquefied natural gas) from the spot market. The Bangladeshi government approved a proposal on Thursday at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Finance Minister AHM Mustafa Kamal.

 

03

China's high-tech industry is gaining international popularity despite the deteriorating global investment backdrop, as overseas investors are eying huge growth opportunities it offers. Bucking the trend of the global foreign direct investment (FDI) slide, FDI into the Chinese mainland maintained double-digit growth in the first three quarters of this year. Specifically, FDI in high-tech manufacturing and the high-tech service sector rose 48.6 percent and 27.9 percent year-on-year, respectively.


04 

China on Tuesday unveiled a plan to boost the development of the virtual reality (VR) industry. By 2026, the total scale of China's virtual reality industry, including related hardware, software, and applications, will exceed 350 billion yuan ($48.56 billion), according to the plan jointly issued by the Ministry of Industry and Information Technology and four relevant departments.

 

05

President Xi Jinping will deliver a speech via video at the opening ceremony of the fifth China International Import Expo and the Hongqiao International Economic Forum on Friday, a spokeswoman for the Ministry of Commerce said on Thursday.

 

06

Chinese consumers are showing increasing demand for diversified and high-end consumer goods, with their spending on imported products being a significant driver for consumption upgrade, said a report from the Consumption and Industry Development Research Institute of Chinese e-commerce platform JD.

 

07

The United States central bank's unrelenting monetary tightening to rein in runaway inflation led to yet another interest rate hike on Wednesday, but it will have a limited long-term impact on China's economic prospects, thanks to the country's stable monetary policy and ongoing economic recovery, experts said on Thursday.




Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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