20201027 China News
Source: | Author:eacham | Published time: 2020-10-27 | 872 Views | Share:

Innovative designs, brand expansion and online promotions have helped Foshan Shunde Deerma Electric Appliances Co Ltd, a manufacturer of small home appliances, increase its sales during the past few months of this year.

Ant Group set the price at 68.8 yuan ($10.27) per share for the Shanghai tranche of its dual share-floating plan, the company said in a filing to the Shanghai Stock Exchange on Monday.

China Telecom, one of China's three largest telecom operators, reported growth in both profits and operating revenues in the first three quarters of the year.The company's net profits totaled 18.71 billion yuan (about $2.81 billion), up 1.7 percent year-on-year, the company said in a statement.

Driven by increased retail spending, China has seen more significant growth than other major economies, thanks to the effective measures to put COVID-19 under control, according to experts.


China's new "dual circulation "development pattern, its sharpened focus on reform and opening-up, effective epidemic control measures for resumption of industrial activity, and the sense of anticipation about the announcement of details of the 14th Five-Year Plan (2021-25) are all encouraging foreign companies and foreign investors to double down on their commitment to the Chinese economy, industry experts said.

Shen Huayu, the research and development manager of Wimanu Network Technology Co Ltd in Wuhan, Hubei province, no longer had to worry about the office rental, talent recruitment and accounting problems that troubled him before. After the tech startup moved into a small and medium-sized enterprises' incubator in Donghu High-tech Zone, Shen could completely devote himself to software development while outsourcing the company's administrative functions to a third party.

The supply of pork in China is expected to continue improving and price jumps are unlikely in the remainder of 2020, as pro-hog production policies take effect and imports expand, said the agriculture ministry.


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