20190712 China News
Source: | Author:eacham | Published time: 2019-07-12 | 761 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

The market scale of China's social commerce sector is expected to reach 2.07 trillion yuan ($302 billion) in 2019, an increase of 63.2 percent year-on-year, as the use of mobile technologies to access social media has become increasingly popular in China, a new industry report said.

China's banking sector will continue to see stable development this year but the banks may face slower profit growth and rising pressure on their asset quality, a report said on Wednesday.

Charging infrastructure in China for electric vehicles reported fast growth in June, statistics from the China Electric Vehicle Charging Infrastructure Promotion Alliance has shown.

China's consumer price index, a main gauge of inflation, rose 2.7 percent year-on-year in June, the National Bureau of Statistics said Wednesday.

Multilateral development institution the Asian Infrastructure Investment Bank is targeting Europe to expand infrastructure construction financing, as it is a significant region included in the Belt and Road Initiative, a senior executive of the bank told China Daily in a recent interview.

The number of China's centrally administered State-owned enterprises has been reduced to 96 after the central government approved a restructuring plan involving Beijing-headquartered China Poly Group Corp and China Silk Corp, the country's top SOE regulator announced on Monday.

China has become the largest global market for leading South Korean logistics service provider CJ Logistics, boosted by thriving retail and e-commerce businesses in the country, requiring more high-end and smart logistics services, said a top executive.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham














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