20231208 China news
Source: | Author:eacham | Published time: 2023-12-08 | 134 Views | Share:


01

Japanese cosmetics maker Shiseido Group will invest further in China and build its second-largest research and development center in the country, said Toshinobu Umetsu, president and CEO of Shiseido China, amid signs that the global cosmetics industry is facing headwinds.

 

02

Some 3.3 million tonnes of grain have been harvested in Belarus, BelTA learned from the press service of the Agriculture and Food Ministry. As of 2 August, 1,044,200 hectares of grain and leguminous crops (excluding corn, buckwheat, millet) were harvested, or almost 48.7% of the target.

 

03

Electrification will play a key role in China's decarbonization, especially in sectors such as steel, building and transportation, experts said. China's electrification drive has progressed steadily over the past few years, alongside the rapid decarbonization of its power supply.

China's coal imports are expected to reach around 450 million metric tons this year in response to growing demands, marking a historic high for China's coal imports, said the China National Coal Association on Monday.

 

04

China's first domestically produced large-scale cruise ship, Adora Magic City, was officially named and delivered earlier this month. Among all the 136 systems and over 20,000 sets of motor equipment used by the cruise ship, more than 4,000 sets of motors are produced by Dezhou Hengli Electrical Machinery Co Ltd, accounting for 20 percent of the total motor supply volume.

 

05

Efforts to promote a new mechanism for public-private partnerships (PPP) nationwide will help curb hidden risks stemming from local debt by enhancing return on investment and performance of infrastructure projects, and stimulate positive sentiment in the private sector, experts said.

 

06

The People's Bank of China, the country's central bank, has reinforced its commitment to guarding the stability of the renminbi exchange rate after taking effective measures to cope with a transitory weakening of the Chinese currency in the past months.

 

07

Chinese robot vacuums, or floor-sweeping robots, had captured nearly 50 percent of the overseas market by the end of 2022 thanks to continuous technological innovation, Yicai reported on Wednesday. Chinese brands in 2022 had 68 percent and 55 percent of the market share in Southeast Asia and Europe, respectively, the report said, citing data from market research company GfK.





Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham



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