20191124 China News

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China will focus on innovation-driven development and contribute to building an open, fair and balanced global growth model that will enable all countries to enjoy the benefits of globalization, Vice-President Wang Qishan said on Thursday.


Despite short-term headwinds, China's economy is heading for long-term steady growth on the back of its highly competitive and vast domestic market as well as its growing capacity for technological innovation, officials and experts said.



China will maintain the stability and consistency of its macroeconomic policy next year and continue with a proactive fiscal policy and prudent monetary policy to stabilize market expectations, Premier Li Keqiang said on Thursday.


China's cargo throughput at ports climbed 8 percent year-on-year to 11.5 billion tons in the first 10 months, official data showed.


Huawei Technologies Co urged the US Federal Communications Commission to rethink its "profoundly mistaken" order that banned local rural telecom carriers to use its funding to purchase the company's equipment or services.


WeWork, once a highly anticipated IPO valued at $47 billion, announced 2,400 job cuts Thursday as part of a restructuring plan led by Japanese conglomerate SoftBank to trim expenses.


China's fixed-asset investment (FAI) in highways and waterways registered steady growth in the first 10 months of the year, official data showed.

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Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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