20201105 China News
Source: | Author:eacham | Published time: 2020-11-05 | 862 Views | Share:
The robotics manufacturing and research facility of ABB, which started construction in Shanghai in 2019, is expected to achieve an annual production capacity of 100,000 robots, a senior official of the Swiss industrial giant said on Wednesday.]

Chinese tech giant Lenovo Group announced a record revenue of $14.5 billion in the quarter ended in September, making a 7 percent year-on-year growth on the back of all businesses showing strong momentum.

With China's annual "double eleven" shopping festival kicking off on Oct 21, courier industry is witnessing its busiest time in the year with surging parcel deliveries. According to State Post Bureau, the delivery parcels are expected to hit 490 million on a daily basis from Nov 11, known as the Singles Day, to Nov 16, about two times more than the normal business volume.

Shanghai's STAR Market is gradually becoming the first choice for Chinese tech firms' initial public offerings, thanks to its friendly listing requirements and efficient review process, experts said on Tuesday.

China's latest development plan for the new energy vehicle sector prioritizes quality over scale in order to achieve more technological breakthroughs, as the country seeks the more stable and scientific development of its automotive industry in the face of a global market downturn, top industry regulators and experts said on Tuesday.

Officials, experts, business chambers and corporate leaders from around the world have expressed their confidence in China's role in helping to offset global economic downward pressure as the country demonstrates its clear commitment to opening-up with its hosting of a series of landmark trade events.

China will advance the optimization and upgrading of its entire industrial chain by making sector-specific strategic plans for supply chains in a targeted approach, according to the full text of the Communist Party of China (CPC) Central Committee's development proposals made public on Tuesday.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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