20220707 China News
Source: | Author:eacham | Published time: 2022-07-07 | 834 Views | Share:



01

Chinese tech company Xiaomi Corp said it is expected to invest more than 100 billion yuan ($14.92 billion) into research and development over the next five years as part of its broader push to sharpen its R&D capabilities and explore new technologies.

 

02

 By the end of June, China saw a total of 10.01 million new energy vehicles (NEVs) going on the road, according to statistics by the Ministry of Public Security.The country saw approximately 406 million motor vehicles on the road and 492 million motor vehicle drivers as of June, said the ministry.

 

03

Shanghai designated 26 high- and medium-risk areas of COVID-19 on Wednesday after detecting a host of new infections linked to a KTV and a teahouse, which are under investigation for alleged illegal business operations. The city reported two community COVID-19 cases on Wednesday along with another 24 infections who tested positive during central quarantine, according to the Shanghai Health Commission.

 

04

The Chinese mainland on Tuesday reported 112 locally transmitted confirmed COVID-19 cases, 81 of which were in Anhui Province, the National Health Commission said on Wednesday. A total of 241 local asymptomatic carriers were newly identified on Tuesday in nine provincial-level regions, including 141 in Anhui and 61 in Jiangsu.

 

05

An expert expressed confidence in China's economic recovery and predicted the government's pro-growth policies to extend into the second half of this year.The troika of exports, investments and consumption had a mixed performance in the first half of this year, Guo Lei, chief economist at GF Securities, said during an interview with The Paper.cn.

 

06

South China's island province of Hainan saw its trade with members of the Regional Comprehensive Economic Partnership grow rapidly in the first five months of this year, local authorities said.

 

07

French leading department store player Galeries Lafayette is taking part in the second China International Consumer Products Expo in Haikou, Hainan province, between July 26 and 30, as the retailer aims to have 10 stores in China by 2025.

 

08

With COVID-19 resurgences in some parts of the nation being put under better control, many State-owned builders are gathering speed on livelihood infrastructure projects to shore up economic momentum.



 

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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