20231011 China News
Source: | Author:eacham | Published time: 2023-10-11 | 939 Views | Share:


01

China's consumption potential was further released during the Mid-Autumn Festival and National Day holiday dubbed as super Golden Week, CCTV reported on Monday. During the eight-day holiday, 826 million people made domestic trips, generating 753.43 billion yuan ($103.95 billion) in domestic tourism revenue.

 

02

Automation, electrification and digitalization-related solutions are all part of serving the soaring demands for sustainability and ensuring the security of energy and critical material supplies in China, said a senior executive of ABB Group, the Swiss-Swedish multinational corporation.

 

03

Chinese property developer Country Garden has hired professional financial and legal advisors to actively improve its offshore debt management and intends to build a long-term sustainable capital structure, according to its HKSE announcement on Tuesday morning.

 

04

China aims to boost its aggregate computing power by more than 30 percent by 2025, in a plan to scale up digital infrastructure that is key to buoying the country's thriving digital economy and to inject new vitality into high-quality development of its sprawling industries.

 

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China will step up efforts to build its computing power, which will give the country an edge in building up its digital economy and injecting new vitality into the intelligent transformation of its industries, according to a new plan unveiled on Monday.

 

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Editor's note: The fourth Qingdao Multinationals Summit is being held in Qingdao, Shandong province, from Oct 10-12 and is part of the country's efforts to accelerate high-level opening-up. This series of reports provides insights from participants on their expectations for the summit and their observations on China's business landscape.

 

07

China's service trade value grew 8 percent year on year in the first eight months of this year, data from the Ministry of Commerce showed on Tuesday. The service trade value reached 4.25 trillion yuan (about $592.1 billion), according to the data.

 

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham



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