20190529 China News
Source: | Author:eacham | Published time: 2019-05-29 | 399 Views | 🔊 Click to read aloud ❚❚ | Share:

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Profits of Chinese state-owned enterprises (SOEs) grew steadily in the first four months of 2019, official data showed Monday.

 

Chinese e-commerce leader Alibaba Group is exploring a potential second listing in Hong Kong that could raise US$20 billion as Beijing seeks to encourage its tech titans to list closer to home, a report on Tuesday said.

 

Automobile sales in China will be around 28.1 million units this year, flat from the 2018 level, according to a new report on China's auto industry.

 

Huawei Technologies Co will deepen its partnership with Guizhou province in digital governance, data centers and smart city projects, as the Chinese tech heavyweight leverages the southwestern province's resources and booming big data industry to lower costs and fuel growth.

 

Qatar Airways served as the official airline partner for the recent Volvo China Open 2019, reflecting its continuous commitment to supporting Asia's premier sporting events, according to the company.

 

The State Grid Corp of China, which runs the majority of China's electricity distribution networks, will strive to further strengthen its construction of the ubiquitous electric internet of things to support the development of grid-connected and emerging businesses.

 

Ecovacs Robotics, a manufacturer of home-use robotic products, will open a new intelligent manufacturing facility in Suzhou, Jiangsu province, this year.

 

Poland expects to bolster economic cooperation with China as bilateral trade is going in a positive direction under the framework of Belt and Road Initiative, an official said.

 

Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday,China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham

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