20230203 China News
Source: | Author:eacham | Published time: 2023-02-03 | 47 Views | Share:


China's tech and internet companies are expected to play a greater role in creating new jobs and driving employment this year amid the country's latest efforts to drive the development of platform companies, industry experts said.



More than 146.4 million people permanently resided in Russia as of January 1, down 555,332 from the past year, data published by the country's Federal Statistics Service showed on Wednesday. More than 40 million people lived in the Central Federal District and over 13 million of them lived in Moscow, the capital and largest city of Russia.



In 2022, China's financial hub Shanghai saw a record actual use of foreign investment of $23.9 billion, according to the municipal commission of commerce. The metropolis in East China is now home to 891 regional headquarters of multinational corporations and 531 foreign R&D centers.



China will further unleash the vitality of its time-honored brands amid efforts to boost consumption and advance the formation of a more vibrant domestic market, officials said on Wednesday. Sheng Qiuping, vice-minister of commerce, said more policy measures will be taken to promote time-honored brands' exemplary and leading roles in trade circulation, consumption promotion, technological innovation, brand building and cultural inheritance.



The southern Chinese metropolis of Shenzhen saw its foreign trade grow 3.7 percent year-on-year to 3.67 trillion yuan ($546.8 billion) in 2022, according to the local customs bureau Thursday. Exports grew by 13.9 percent year-on-year to 2.19 trillion yuan last year, ranking first on the Chinese mainland for 30 consecutive years.



Starbucks is diving into smaller Chinese cities at a pace never seen before. According to market data tracker Geo-Hey, Starbucks, the world's largest coffee chain by annual revenue, opened 654 stores in China in 2020 and 229 new stores within the 90 days preceding the end of November 2022.



Yuwell Group, a medical equipment manufacturer in Zhenjiang, Jiangsu province, was fined 2.7 million yuan ($402,030) for jacking up the price of oximeters when the Omicron virus strain was rattling China, the Zhenjiang Market Supervision Bureau said.

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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