20190731 China News
Source: | Author:eacham | Published time: 2019-07-31 | 927 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:
China National Petroleum Corp (PetroChina), the country's biggest oil and gas company, said on Monday that it has achieved a significant technological breakthrough, after successfully completing drilling work on the deepest oil well on land in Asia at its Tarim oilfield in the Xinjiang Uygur autonomous region.

China's steel output surged in the first half of the year, but higher material costs had weighed upon profit of the sector, according to the China Iron and Steel Industry Association (CISA).

China has become a pioneer for developing and applying the latest mobility technologies thanks to the country's huge market demand and efficient implementation, according to senior management with German transportation firm Siemens Mobility.

The secondhand economy, supported by the consumption upgrade and advanced internet technologies, is set to create a trillion-yuan market in China, according to industry insiders. In the internet era, selling a secondhand smartphone no longer involves face-to-face negotiations.

Zhejiang province became a hot spot for foreign investment in the first half of 2019 because of steady upgrades in the business environment, government officials and industry experts said.

New economy sectors are set to be a strong anchor of China's growth, as the expansion momentum of these sectors dictated by technological advances and changes in lifestyle is unlikely to be impeded by external uncertainties, analysts said on Monday.

The Lego Group, one of the world's leading manufacturers of toys and play materials, opened its first certified store in Northwest China on Sunday and announced expansion plans in the country's second-and third-tier markets to open another 40 new stores in the country by the end of this year.

Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham





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