20201022 China News
Source: | Author:eacham | Published time: 2020-10-22 | 827 Views | Share:



China's auto market hit a new high for the year in September in terms of both production and sales, and the trend is expected to continue into the fourth quarter, according to the China Association of Automobile Manufacturers.


New growth opportunities in emerging industries such as the internet economy played a bigger role in bolstering economic growth during the first three quarters of the year, officials and experts said on Monday.

Industrial output rose by 6.9 percent on a yearly basis in September in China, the sixth consecutive month of growth, data from the National Bureau of Statistics showed on Monday.

China's economy is likely to continue leading the global recovery and achieve a GDP growth close to the pre-COVID-19 level in the year's fourth quarter, after expanding by 4.9 percent in the third, experts said on Monday.

Takeda Pharmaceutical Co Ltd, a Japanese drugmaker, will introduce more than 15 innovative drugs in the Chinese market in the coming five years, company executives said.

Alibaba Group Holding Ltd said on Monday it will invest $3.6 billion to gain a controlling stake in hypermarket operator Sun Art Retail Group Ltd, upping the ante in China's fierce retail market.

Chinese artificial intelligence unicorn Megvii announced on Thursday its latest strategy of tapping the smart logistics segment, as the company seeks to explore wider applications of AI technology.








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