20231121 China news
Source: | Author:eacham | Published time: 2023-11-21 | 999 Views | Share:


01

More financial support should be given to Chinese cultural and tourism companies so that new technologies can be applied in a wider area and new growth engines can be nurtured, said industry experts on Tuesday. They made the comments during a conference for the construction, investment and financing of cultural and tourism projects, which was held in Shanghai between Nov 14 and 15.

 

02

China will continue to drive forward high-level openness with an emphasis on the pursuit of shared opportunities through collaboration, a commerce official said on Wednesday. Guo Tingting, vice-minister of commerce, said further efforts will be made to propel openness and collaboration on a larger scale, led by the Belt and Road Initiative.

 

03

The family trust of Jack Ma, co-founder of Chinese tech heavyweight Alibaba Group Holding Ltd, plans to sell 10 million American Depository Shares of Alibaba for about $871 million, according to a filing from the US Securities and Exchange Commission.The sale will be done on Nov 21 by JC Properties Ltd and JSP Investment Ltd, which are part of the family trust, the regulatory filing said.

 

04

According to a report from Beijing News on Friday, data released by three major metro operation companies showed that the average operation cost for each passenger on the 24 metro lines in Beijing was 14 yuan ($1.9) in 2022. This amount is nearly double the cost in 2019.

 

05

The International Civil Aviation Organization of the United Nations has officially recognized China's Beidou Navigation Satellite System as a global standard, according to the Civil Aviation Administration of China on Thursday.

 

06

China and the United States are set to convene their first vice-ministerial level dialogue on trade and commerce in the first quarter of 2024 and will support business cooperation between Chinese provinces and US states in the next phase, following a meeting between their top commerce officials.

 

07

Led by People's Daily and supported by think tanks from a wide range of organizations such as the State-owned Assets Supervision and Administration Commission of the State Council and the Renmin University of China, the forum featured in-depth discussions through keynote speeches, summit dialogues and parallel forums, providing crucial intellectual support and decision-making references to further propel the high-quality development of SOEs.


Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham



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