20230504 China News
Source: | Author:eacham | Published time: 2023-05-04 | 699 Views | Share:



01

Profits at China's major industrial companies declined at a slower pace in March amid a steady recovery in industrial production, the National Bureau of Statistics said on Thursday.

 

02

Convention and exhibition businesses in Guangdong province have shown strong recovery since early this year, with a significant increase seen both in exhibition numbers and area, according to the local industry association. The number of exhibitions in Guangdong increased 330 percent year-on-year to 116 in the first three months, with exhibition areas soaring 412 percent year-on-year during the same period to 4.36 million square meters, said the Guangdong Fairs Organizers Association.

 

03

The Chinese metropolis of Shanghai has deepened its cooperation with partners in Thailand, signing several projects and memoranda of understanding on May 2to boost bilateral trade and investment. At a conference introducing Shanghai to Thai investors in Bangkok, contracts for eight major projects were inked, covering a wide range of industries, including electronic vehicles, finance, jewelry, the digital economy and technology.

 

04

Oppo is beefing up push to hone its research and development prowess and accelerate its transformation from a smartphone vendor to a tech company amid intensified global competition.

 

05

US coffee giant Starbucks said Wednesday that the company has posted a recovery in its Chinese mainland business this year, fueled by a rebound in traffic as customers returned physically to the stores. Starbucks achieved a net revenue growth of 3 percent in the Chinese mainland in the second quarter of the 2023 fiscal year, which runs from Jan 2 to April 2, according to a fiscal report.

 

06

China will beef up efforts to leverage cutting-edge digital technologies to accelerate its industrial upgrade and promote deeper integration of the digital and real economies, officials and experts said on Thursday.

 

07

Argentina has decided to shift from the US dollar to the renminbi for all settlements of imports from China, a win-win development that will help Argentina strengthen its foreign exchange reserves and boost the renminbi's global profile, experts said on Thursday.

 



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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