20191020 China News
Source: | Author:eacham | Published time: 2019-10-20 | 687 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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The consumption is still strong in terms of the fast-moving consumer goods in the third quarter, reporting 5.6 percent growth in the third quarter year-on-year according to an industry report released on Oct 12.

Walmart Inc's high-end membership store Sam's Club is expected to strengthen its premium membership for Chinese customers, boost one-hour home delivery and plans to have 40-45 outlets opened or under construction by 2022, a top executive of the company said.

McDonald's China has joined hands with global entertainment giant the Walt Disney Company to launch themed Happy Meals based on Disney movies and has announced plans to open more outlets in lower-tier cities to tap new consumers, said the company's top executive.

US-based conglomerate Honeywell has launched its Smart Manufacturing Research Center in Shanghai, in a bid to further tap into the Chinese market by diversifying its investment and development in the country.

Premier Li Keqiang extended messages on Wednesday welcoming businesses from different countries, including the United States, to expand investment and win-win cooperation in China. He said China's growth is offering opportunities to the whole world.

China's economy achieved stable growth in the first three quarters, and the country can accomplish its targets for economic and social development for the year, Premier Li Keqiang said on Friday.

Two months after the Lingang Special Area was included into the China (Shanghai) Pilot Free Trade Zone, the Lingang administrative committee announced 56 favorable measures on Friday to bolster the full life cycle development of emerging industries and build an open industrial system that will be competitive worldwide.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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