20191103 China News

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The market size of China's sharing economy is expected to exceed 9 trillion yuan (about $1.28 trillion) in 2020, according to a consultancy report.


While the contracted manufacturing sector in October signaled continuous downward pressure, a mild improvement of the Chinese economy could still be expected over the rest of the year, on the back of policy support, especially on the fiscal side, analysts said.



China's gold consumption fell to 768.31 tonnes during the first three quarters of the year, down 9.58 percent year on year, the latest data showed.


Hyundai Motor Group, South Korea's automotive behemoth, aimed to continue guaranteeing its future growth in tandem with China's reform and opening-up, a Hyundai executive said.


China's six large State-owned commercial banks maintained steady growth in the first nine months of this year. They posted total net profit of 931.74 billion yuan ($132 billion) attributable to equity holders of the bank during this period, up 5.56 percent year-on-year.


The Weifang Hi-Tech Industrial Development Zone in Weifang city, East China's Shandong province, is taking a series of measures to attract and upgrade its business environment aimed at supporting long-term development of the region.


China will roll out a guideline to better use foreign investment with a focus on safeguarding the national treatment of foreign-funded enterprises.


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Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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