20230428 China News
Source: | Author:eacham | Published time: 2023-04-28 | 1070 Views | Share:



01

 China's leading liquor maker Kweichow Moutai posted a net profit of about 20.8 billion yuan ($3 billion) in the first quarter of 2023, up 20.59 percent year-on-year. From January to March, its revenue climbed 20 percent year-on-year to approximately 38.76 billion yuan, according to the company's annual report released Tuesday.

 

02

Airbus considers China as one of the most "strategic markets" and hailed the resilience of China's supply chains amid the COVID-19 pandemic, said Airbus China CEO George Xu in an exclusive interview with China Daily during a conference in Beijing on Tuesday.

 

03

With offline consumption picking up and gradually returning to normalcy in the Chinese market since the COVID-19 pandemic, first-quarter global sales of The Coca-Cola Company have also improved, brightening full-year prospects for the beverage giant. First-quarter global revenue grew 5 percent year-on-year to $10.98 billion, generating a net profit of $3.11 billion, up 11 percent. The company did not release any China-specific data.

 

04

The Global Trade and Investment Promotion Summit of 2023 will take place in Beijing on May 24, the China Council for the Promotion of International Trade (CCPIT) said on Wednesday. The summit aims to serve as a high-level dialogue platform for business communities from different countries to jointly address global issues, nurture new growth points of international economic cooperation and promote the reform of the global economic governance system, said Wang Linjie, spokesperson of the CCPIT.

 

05

The Thai subsidiary of Chongqing Hongjiu Fruit Co Ltd obtained a $3 million loan from Standard Chartered Bank (Thailand) in June to expand the company's fruit business. "The loan has been mainly used to import fresh fruit from Thailand. It has played a crucial role in enhancing our purchasing capacity and expanding the market. Meanwhile, it has further benefited Thai fruit growers, as they have broader access to export their fruit and gain more profits," said Deng Hongjiu, chairman of the fruit company based in southwestern China's Chongqing.

 

06

A three-year action plan was released during Wednesday's promotion conference to further elevate Pudong New Area's position as an international center. According to the newly released plan, the total retail sales of consumer goods in Pudong will exceed 400 billion yuan ($57.8 billion) by 2025. As the Pudong government has calculated, the Area registered 360 billion yuan of retail sales of consumer goods last year, accounting for over 20 percent of Shanghai's annual total.

 

07

Switzerland-based Sonova Holding AG, the biggest hearing care solutions provider globally, said it will continue to expand development in China with the company paying high attention to the Chinese market after the optimization of COVID-19 response measures.

 





Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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