20220524 China News
Source: | Author:eacham | Published time: 2022-05-24 | 491 Views | Share:



01

Vale, a global mining company, said it welcomed China's latest resolve to further open to the rest of the world. Tracy Xie, president of Vale China, said the country's resolve to further high-level opening-up is a very encouraging message and positive signal to Vale as China is now Vale's largest market in the world.

 

02

Leading foreign brokerages and investors are re-examining the investment value of Chinese internet and technology companies through upgrading or buying related stocks recently after a sharp sell-off this year.JPMorgan upgraded on Monday a slew of Chinese internet and tech companies including Alibaba Group, Tencent Holdings, NetEase Inc and Meituan to overweight, and JD, Bilibili and several other Chinese companies from underweight to neutral.

 

03

The Chinese mainland on Saturday reported 157 locally-transmitted confirmed COVID-19 cases, of which Shanghai and Beijing both reported 52, according to the National Health Commission Sunday. Apart from Shanghai and Beijing, five other provincial-level regions on the mainland also saw new local COVID-19 cases.

 

04

Beijing reported 94 new locally transmitted COVID-19 infections between 3 pm Saturday and 3 pm Sunday, said Liu Xiaofeng, deputy head of the Beijing municipal disease prevention and control center, at a press briefing Sunday. Seventy-seven cases were detected among people under closed-off management, and 17 were found through mass screening in communities. Eight districts were involved, including Fangshan, Fengtai and Haidian, said Liu.

 

05

China's intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders.


06 

The approval of the Shaanxi Pilot Free Trade Zone five years ago has helped boost Shaanxi's reform pace and also created more opportunities for Xi'an, the primary platform of the Shaanxi FTZ, to actively serve and integrate into the national development strategy.

 

07

During the past decade, China has seen notable progress in boosting the high-quality development of foreign trade amid its efforts to build an open economy, with the trade volume continuously expanding and structures improving.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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