20210622 China News
Source: | Author:eacham | Published time: 2021-06-22 | 859 Views | Share:
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Chinese insurance technology company Waterdrop Inc reported a 35.1 percent year-on-year increase in net operating revenue in the first quarter of this year, continuing to see strong growth in the number of paying insurance consumers.

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The stay-at-home economy, which encourages more kitchen cooking and frequent snacking, as well as a rapidly growing embrace of e-commerce, has been a crucial driver of sales of cooking sauces, sausages and soft drinks in China, according to an industry survey.

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More insurers are developing products to target the growing demand of elderly care in China where an aging society requires them, experts said.With 18.7 percent of its population aged 60 and above, China faces challenges in current social security, medical care and old-age care systems. But it also creates opportunities for the financial industry, they said.

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At Haitong International Automotive Terminal in Shanghai's Waigaoqiao Port Area, thousands of cars are parked up in lines after inspection, waiting to be shipped around the world."This is the biggest roll-on roll-off port in the country, which is able to handle 1.5 million vehicles per year. These days, we load and unload more than 5,000 cars every day, almost at our maximum capacity," said Song Chao, a port staff member.
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The central parity rate of the Chinese currency renminbi, or the yuan, weakened 185 pips to 6.4546 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

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China has allocated a special fund of 9.22 billion yuan (1.43 billion U.S. dollars) to develop inclusive finance for 2021, up 31.2 percent from the level in 2020, the Ministry of Finance (MOF) announced in a statement.

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More than 1 billion doses of COVID-19 vaccines have been administered across China as of Saturday, the National Health Commission (NHC) said Sunday.China accelerated its pace of free COVID-19 vaccinations for the whole nation since late March. The country hit the landmark figure of 100 million vaccinations on March 27.
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Hosted by the Department of Commerce of Zhejiang Province and organized by the Zhejiang Zhongzhe International Exhibition & Commerce Co., Ltd. and EAcham, a series of 2021 Zhejiang Export Online Fairs kicked off in May and are in full swing in June, with the Western Asia Station-Electric Power & Energy Resources Session closing successfully on June 6th, the Southeastern Asia Station-Machinery & Electronic Parts Session going on during June 16th-22.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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