20191009 China News
Source: | Author:eacham | Published time: 2019-10-09 | 989 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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The State Council, China's cabinet, on Tuesday passed a draft of regulations on improving business environment, offering market entities institutional guarantee when they invest and develop business in China.

Tourism revenue of China's southern island province of Hainan grew by 11.5 percent year-on-year to 7.67 billion yuan ($1.08 billion) during the National Day holiday, authorities said on Tuesday.

From the first batch of made-in-China Tesla to the first foreign-owned comprehensive hospital, the Shanghai free trade zone (FTZ) is advancing towards a higher level of openness since its establishment six years ago.

Young consumers in China's small towns or lower-tier cities will likely power the country's digital consumption growth, according to a report by consultancy McKinsey & Company.

The economic aggregate of 2,809 small and medium cities on the Chinese mainland reached 76.43 trillion yuan ($10.69 trillion), accounting for 84.89 percent of the national figure, according to a report co-published by institutions including the Small and Medium Cities Development Strategy Research Institute.

High-end manufacturing must be integrated into the development of city clusters, regional linkages and digital innovation, as well as the Belt and Road Initiative for China to achieve breakthroughs in fields that it has been lagging, a leading economist said.

Chinese foreign exchange reserves, the world's largest, remained above the $3 trillion mark by the end of the third quarter, indicating generally balanced capital inflows and outflows amid trade tensions, analysts said.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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