20211120 China News
Source: | Author:eacham | Published time: 2021-11-20 | 635 Views | Share:

01

Chinese home appliance giant Hisense Group plans to buy Siemens' Intelligent Traffic Systems, which provides solutions for effective road traffic management, for nearly $1 billion, people familiar with the matter told China Daily on Wednesday.


02

China National Offshore Oil Corp, the country's top offshore oil and gas driller, said it has successfully converted a drilling platform into an offshore wind power construction and installation platform for the first time, providing more experience for future offshore wind projects.


03

Shares of Alibaba tumbled more than 10 percent in Friday morning trading in Hong Kong, after the e-commerce giant reported lower-than-expected profits and turned down its growth forecast. For the quarter ended Sept 30, the company posted 11.2 yuan ($1.75) in earnings per share on an adjusted basis, missing analysts' estimate of 12.36 yuan polled by Bloomberg.

 

04

Chinese tech giant Baidu Inc reported its total revenue reached 31.9 billion yuan ($4.95 billion) in the third quarter of this year, an increase of 13 percent year-on-year, yielding a non-GAAP (generally accepted accounting principles) net profit of 5.1 billion yuan..

 

05

The Chinese mainland on Thursday reported eight new locally transmitted COVID-19 cases, the National Health Commission said in its daily report on Friday. Of the eight local cases, seven were reported in Dalian, northeast China's Liaoning Province, and one in Zhengzhou, central China's Henan Province, the commission said.

 

06

The Belt and Road Initiative (BRI) has evolved into a beacon of economic growth for participating countries with more emphasis on innovation and sustainability, injecting much-needed impetus into global recovery.

 

07

The Belt and Road Initiative (BRI) has evolved into a beacon of economic growth for participating countries with more emphasis on innovation and sustainability, injecting much-needed impetus into global recovery.




Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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