20190710 China News
Source: | Author:eacham | Published time: 2019-07-10 | 831 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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Global retail giant Walmart Inc is planning to further increase its investment in the Chinese market after opening a mega perishable products distribution center in South China's Guangdong province in March.

Beijing, Shanghai and Tianjin saw their annual average salary exceeded 100,000 yuan ($14,500) in non-private sectors last year, the highest in China, according to a Sunday report by Economic View. China's major flange producing county Dingxiang in Shanxi province is stepping up development of innovative manufacturing technologies, in line with the government's mission to promote high-quality development.

China's household wealth will rise to $51.8 trillion by 2028, surging 120 percent from 2018, according to Global Wealth Migration Review 2019, published by the research company New World Wealth.

Guangzhou, capital of South China's Guangdong province, is accelerating the development of 5G and is expected to build 14,600 5G base stations by the end of this year, local authorities said Tuesday.

Wind and solar photovoltaic power are likely to achieve grid price parity within 2020, while at the same time, their quick development will further diminish the share of hydropower in the total power output by renewables in China, according to industry experts.

The government's widening of market access for foreign investment in the urban gas and heat-supply pipeline network represents a major opportunity and has been well received by domestic gas companies.

Chinese automaker Chongqing Changan Automobile Co Ltd reported a 24.8 percent annual decrease in automobile sales in June.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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