20220705 China News
Source: | Author:eacham | Published time: 2022-07-05 | 817 Views | Share:



01

Europe and the United States are experiencing the most serious inflation in 40 years. High inflation lowers people's living standards, weakens corporate vitality, overshadows prospects of economic growth, intensifies social tensions and raises concerns about the possibility of global stagflation. We believe protectionism in some Western countries is largely responsible for this round of global inflation, which is expected to continue for some time to come.

 

02

China's digital economy logged rapid expansion in recent years, with its scale increasing from 11 trillion yuan ($1.65 trillion) in 2012 to over 45 trillion yuan in 2021, official data showed.

 

03

A venture of Chinese carmaker Geely's founder Li Shufu has acquired a 79.09 percent stake in smartphone maker Meizu to explore new opportunities as vehicles are growing digital and smart.Hubei Xingji Shidai Technology Co Ltd said Monday that it has gained control of the Chinese phone maker, which has over 100 million users now. The value of the deal remains unknown.

 

04

The Chinese mainland Sunday reported 41 locally-transmitted confirmed COVID-19 cases, 29 of which were in Anhui Province, the National Health Commission said Monday. A total of 339 local asymptomatic carriers were newly identified on Sunday in nine provincial-level regions, including 258 in Anhui and 52 in Jiangsu.

 

05

East China's Anhui Province has adopted coordinated, scientific and precise measures to contain the latest COVID-19 rebound, with closed-off management and massive nucleic acid testing rolled out in virus-hit areas. A list of over 5,000 free blood-sampling sites across China was released by the Ministry of Public Security (MPS) Monday amid a national crackdown on the trafficking of women and children.

 

06

China's economic growth in the second quarter may have slowed to below 2 percent year-on-year due to COVID-19 outbreaks, underlining the necessity of beefing up policy adjustments to achieve this year's growth target of around 5.5 percent, economists in and out of the country said.

 

07

Most of the capital goods monitored by the government posted lower prices in late June compared with mid-June this year, official data showed Monday. Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer, and some agricultural products mainly used for processing, six saw their prices increase, while 40 posted lower prices, according to the National Bureau of Statistics.


 

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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