20220412 China News
Source: | Author:eacham | Published time: 2022-04-12 | 1305 Views | Share:



01

Stabilizing economic growth has been highlighted in the Government Work Report for 2022, and a key part of the report was devoted to employment, since it is crucial in terms of stabilizing economic development and society.

 

02

China's auto industry is suffering from the latest wave of the COVID-19 pandemic, which has hit two major car-producing cities: Shanghai and Changchun, capital of Jilin province. Carmakers including Tesla, Volkswagen, Hongqi and Toyota used to produce at least 15,000 vehicles a day in those cities, but plants are now standing idle.

 

03

Lockdown will be lifted on more than 7,000 communities and sites in Shanghai after reporting zero positive cases in the past two weeks, according to the city government. Shanghai has announced updated follow-up prevention and control measures, following its extended, phased lockdown that began March 28. Based on the results of previous screenings and risky levels, local areas are classified as either "locked down," "controlled" or "precautionary."

 

04

The Haikou duty-free shopping complex project, covering a total construction area of about 926,000 square meters, is expected to officially open this year. With a total investment of about 12.86 billion yuan ($2.02 billion), the complex integrates shopping malls, star-rated hotels, high-end offices, residences and large businesses.

 

05

Battery producer Envision AESC is planning to accelerate its expansion in developed markets, including the United States and Europe, as part of its plan to increase its global market share and prepare for an anticipated boom in sales of new energy vehicles.

 

06

Lenovo Group Ltd on Monday showcased big ambitions to be the top player in both the Chinese server and IT service markets, as the tech heavyweight is beefing up efforts to transform from a hardware maker into an intelligent services and solutions provider.

 

07

 China's lithium-ion battery output topped 82 GWh in the first two months of this year, indicating strong growth momentum buoyed by the takeoff of the new energy vehicle sector, official data showed.





Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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