20190705 China News
Source: | Author:eacham | Published time: 2019-07-05 | 909 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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As China is keen to expand brick-and-mortar and virtual shopping infrastructure to further bolster the country's consumption potential, domestic players have begun to deploy resources in niche markets to maintain robust growth.

China Mobile, the nation's top telecom carrier, has pledged to implement a "Double Gigabyte" initiative which would support superfast internet connection for both mobile and fixed broadband connections.

China and Bulgaria should make joint efforts to maintain the international system based on multilateralism and international law, President Xi Jinping said on Wednesday.

Pilot free trade zones will be allowed to undertake more experiments with reform and opening-up, and the number of comprehensive zones for cross-border e-commerce will rise, as an effort to seek innovation in foreign trade growth, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

North China's Hebei province saw $3.72 billion of foreign direct investment (FDI) in the first five months of this year, up 19.2 percent year-on-year, authorities said Thursday.

Retail behemoth Amazon.com Inc will continue to increase investments in its cross-border shopping business Amazon Global Store in China and is bullish on the prospects of this segment, although the United States-based tech giant is now facing increasingly fierce competition from local e-commerce rivals.

Swiss industrial conglomerate ABB Group will open a new innovation center in Shenzhen, Guangdong province, in the second half of this year to locally provide solutions for smart building development, said an executive.

Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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