20230812 China News
Source: | Author:eacham | Published time: 2023-08-12 | 1042 Views | Share:


01

Germany-based private equity holding company Mutares will extend its reach into the Chinese market this year to further explore opportunities, which will boost the company's development, said the company's founder and CEO Robin Laik. Laik made the comments during a three-day trip in China starting on Tuesday, his first visit to the country in four years.

 

02

Major beer brewing group Budweiser APAC is banking on premiumization, expansion and digitalization to further drive momentum in the Chinese market as it sees revenue growth above its pre-COVID levels, in the first half, said its top executive in the region.

 

03

China's road logistics price index edged up in July from June due to improving market demand.The index came in at 102.5 last month, up 0.1 percent from the previous month but down 0.68 percent year-on-year, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group.

 

04

Expanding effective housing demand and improving market expectations will be among the top priorities of policymakers to stabilize the property market, a sector key to reviving the recovery of the world's second-largest economy, experts said.

 

05

Yichang, a port city at the mouth of the Yangtze River in Hubei province, is offering shore power to ships berthing at its docks to reduce the noxious gases emitted by on-board generators. More than 60 docks in the city have been equipped with shore power facilities so that docked ships can plug in and sailors don't have to turn on generators for electricity.

 

06

The city of Guangzhou, Shenzhen, and Hong Kong are planning a high-speed maglev train route with designed speed of 650 km per hour, said an expert at a forum held in Guanghzou, Guangdong province, on Aug 5.The maglev train plan aims to build a 30-minute traffic circle among the three cities, and a 40-minute one among other cities of the Greater Bay Area, said Chen Xiangsheng, an academician at the Chinese Academy of Engineering and dean of the College of Civil and Transportation Engineering at Shenzhen University, Guangdong province, Guangzhou Daily reported on Monday.

 

07

Gold consumption was 554.88 tons in China during the first half of this year, seeing a 16.37 percent increase year-on-year, according to the latest data released by the China Gold Association.China's economy has picked up and improved, and the overall national gold consumption has shown a rapid recovery trend, said The Paper.


Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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