20221123 China News
Source: | Author:eacham | Published time: 2022-11-23 | 182 Views | Share:



01

Policy advisors have underlined the urgent need for China to shore up economic growth, proposing to set the country's GDP growth target at no less than 5 percent for the next year. Liu Shijin, deputy director of the Committee on Economic Affairs of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, said China's economy has grown below its potential growth rate over the past three years, and that this situation should not continue.

 

02

Tax reliefs, mortgage rate cuts and other measures rolled out in favor of China's home buyers are spurring demand and stabilizing property market expectations, analysts say.China announced in late September that it would refund personal income taxes collected from any homeowner who is selling their current house to buy a new one.

 

03

At Pingliang Customs in Gansu province, 67.3 metric tons apples arrived for export to Indonesia. The apples, from Jingning county, which is administered by Pingliang city, are famous for their sweet taste and crispy texture. They can be stored for a long time, which makes them popular in the Indonesian market, said Xie Liling, trade manager of the local Long Yuanhong Fruits Selling Co. November is harvest season for Jingning apples.

 

04

Chinese e-commerce company JD reported on Friday night that its net revenues during the third quarter of this year stood at 243.5 billion ($34.2 billion), an increase of 11.4 percent year-on-year. Its net income attributable to ordinary shareholders came in at 6 billion yuan for the quarter ending Sept 30, compared to a net loss of 2.8 billion yuan for the same period last year. Non-GAAP net income attributable to ordinary shareholders during this period reached 10 billion yuan, up 100 percent year-on-year. 

 

05

Shanghai will have more than 77,000 5G base stations by the end of 2023, ensuring that 90 percent of the city has 5G network coverage, according to an action plan released by the Shanghai Communications Administration on Friday.

 

06

The Chinese mainland on Thursday reported 2,276 locally transmitted confirmed COVID-19 cases, the National Health Commission said Friday. Altogether 22,853 local asymptomatic carriers were newly identified.

 

07

Greater international cooperation is needed to help the global semiconductor industry better deal with headwinds like slumping demand and trade uncertainties, officials and experts said on Thursday, after reviewing first-half sales data whose release coincided with an industry event.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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