20231211 China news
Source: | Author:eacham | Published time: 2023-12-11 | 161 Views | Share:


01

Only through openness and cooperation can China and the rest of the world advance to a more inclusive innovation landscape, said Zhao Hejuan, founder and CEO of TMTPost Group, a tech and financial information and data service provider. Only through openness and cooperation can China and the rest of the world advance to a more inclusive innovation landscape, said Zhao Hejuan, founder and CEO of TMTPost Group, a tech and financial information and data service provider.

 

02

China signed an upgraded free trade agreement with Singapore to further boost trade and investment liberalization between the two countries and solidify their economic ties, the Ministry of Commerce said on Thursday. Both sides agreed to liberalize services and investment in the form of a negative list, thereby creating more market space for investors and service providers from both countries, the ministry said, adding that efforts will be made to further expand cooperation in emerging areas such as the digital economy.

 

03

The Shidaowan high-temperature gas-cooled reactor (HTGR) nuclear power plant started commercial operations on Wednesday in Rongcheng, Shandong province, the National Energy Administration and China Huaneng Group, its lead operator, said. The fourth-generation power plant illustrates China's global leadership in HTGR nuclear energy technology, industry experts said.

 

04

Lululemon Athletica Inc reported a 53 percent growth in revenue in the Chinese market during the third quarter of fiscal 2023, showing its robust performance driven by store outcomes and strong connections with local communities. In the recently announced financial results for Q3, Lululemon revealed a 19 percent increase in net revenue to $2.2 billion, accompanied by a 21 percent rise in gross profits to $1.3 billion.

 

05

The State Council's latest guideline on promoting the high-standard institutional opening-up of the free trade zone in China's financial capital of Shanghai is expected to lead to the building of a demonstration zone to explore and accumulate related experience for deepening reform and opening-up, said official sources.

 

06

The International Monetary Fund (IMF) on Thursday reiterated its upward revision of China's economic growth forecast for 2023 and 2024. Based on the latest forecast, the IMF expects the Chinese economy "to meet the government's 2023 growth target of around 5 percent, and this reflects the post COVID recovery," IMF spokesperson Julie Kozack said at a press briefing in response to a question from Xinhua.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham



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