20191122 China News

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Walmart China has plans to accelerate its expansion by opening more than 500 new stores and "depots" (smaller warehouses) in next five to seven years and updating 200 existing stores in three years, the company's top executive said.


The prices of pork, which accounts for more than 60 percent of China's meat consumption, are expected to remain high for some time due to the busy sales season during the New Year's day and the Spring Festival, but will remain stable in the long term with little room for further growth, an industry expert said.



China has already secured 870,000 5G mobile subscribers in just 20 days after the country kicked off commercialization of the superfast mobile technology, the Ministry of Industry and Information Technology said on Thursday.


China's large, high-tech manufacturing companies and its research and development expenditures increased rapidly from 2013 to 2018, laying solid groundwork for the country's pursuit of high-quality development, the fourth national economic census showed on Wednesday.


Chinese e-commerce giant JD will speed up efforts in technology investment and said its expenditure on research and development amounted to more than 13 billion yuan ($1.9 billion) in the first three quarters of this year, surpassing the 12.1 billion yuan it spent in 2018.


China's online group discounter Pinduoduo Inc has reported a soaring 123-percent year-on-year revenue growth to 7.51 billion yuan ($1.07 billion) in the third quarter ended Sept 30.


Unfoundedly excluding Huawei's involvement from setting up a 5G network in Germany would be blatant discrimination against Chinese companies and would send the wrong signal of protectionism, Chinese Ambassador to Germany Wu Ken said on Wednesday.


Shandong, as one of China's first coastal provinces to implement the national strategy of opening-up, has long had an optimistic and welcoming attitude toward the outside world.

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WechatEAchamScan QR code Business trip online registrationENDSourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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