20210513 China News
Source: | Author:eacham | Published time: 2021-05-13 | 609 Views | Share:
As the COVID-19 pandemic has accelerated the shift to online shopping and created a surge in cross-border e-commerce imports in China, e-commerce platforms are bringing global brands closer to the world's most promising consumer market.On the first day of the China International Consumer Products Expo, Tmall Global, an online marketplace of Chinese e-commerce giant Alibaba Group, held four livestreaming sessions to promote products, each garnering more than 1 million viewers.
China's central bank Monday conducted 10 billion yuan (about $1.6 billion) of reverse repos to maintain reasonably ample liquidity in the banking system.The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People's Bank of China.
An alliance of free trade zones in the Yangtze River Delta region was established on Monday. Representatives of Shanghai, Jiangsu, Zhejiang and Anhui free trade zones signed the alliance agreement. The establishment of the Yangtze River Delta FTA alliance is an innovative measure to implement the decision and deployment of the central leadership, which will inject new impetus into the construction of the four pilot free trade zones and build a new platform for the high-quality integrated development of the Yangtze River Delta region, according to an official statement on Monday.
Hospitals in China saw a 15 percent increase in 2020 in the variety of anti-cancer drugs with negotiated price cuts compared with 2019.The data was based on results from a monitoring network that covers more than 1,400 hospitals across China, Guo Yanhong, an official with the National Health Commission, told a press conference on Monday.
Alibaba, ByteDance, Huawei, Xiaomi and Lenovo are the top Chinese brands with global influence, according to a report by Google and Kantar released on Monday.Consumer electronics, mobile games, home appliances and e-commerce topped the list with people using more gadgets and digital services as the pandemic forced them to stay at home, according to the report.
Strengthening international collaboration to make innovations, or the practice of "open innovation", may help China become an innovation-driven economy and cross the middle-income trap, said Nobel laureate Edmund Phelps on Monday.
China's foreign trade has extended its growth momentum during the first four months, with the country fully promoting efforts to coordinate the development of trade industries, the Ministry of Commerce said on its official website.

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

Author: Producer Emilio Mendez

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