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China's Daqing Oilfield Co Ltd has churned out more than 2.4 billion tons of crude oil since 1959.A subsidiary of China's largest oil producer PetroChina, the company produced more than 43.6 million tons of oil equivalent in 2019, about 1.96 million tons more than 2018, the company said.


Global home furnishing giant Ikea has purchased a plot of land in Hefei, capital of East China's Anhui province, paving the way for its first store in the province, according to local authorities.



The Chinese central bank decided to inject more than 800 billion yuan ($115 billion) through a broad cut of the cash amount that financial institutions must hold as reserves, or the reserve requirement ratio (RRR), to keep liquidity ample and provide cheaper financing for the real economy.


Huawei Technologies Co said on Tuesday that its annual revenue for 2019 is forecast to exceed 850 billion yuan ($122 billion), marking a year-on-year growth of 18 percent despite the US government "crackdown" on the Chinese tech major.


China's central bank decided on Wednesday to inject more than 800 billion yuan ($115 billion) into the financial sector by reducing the amount of cash financial institutions must keep in reserve. The move is designed to maintain "reasonably ample" liquidity and lower financing costs for the real economy.


China will continue to lead growth in the global luxury goods market, with the boom in the online luxury retail industry especially in lower-tier cities due to growing demand from tech-savvy consumers who tend to pursue exquisite and high-end lifestyles, industry analysts and insiders said.


Chinese e-commerce sites are rolling up their sleeves to help farmers sell their agricultural products, a combination of philanthropy and business that contributes to the nationwide eradication of poverty by the end of the year.

The Unveiling Ceremony of United Office Platform of Global Chambers will be held on January 10, 2020 in building B of the National Convention and Exhibition Center (Shanghai). At present, the United Office Platform of Global Chambers has welcomed the entry of the four officially registered foreign organizations respectively including Beijing Representative Office of China Committee of Canada, Chongqing Representative Office of China Committee of EU,  Beijing Representative Office of European American Chamber of Commerce & Industry and Beijing Representative Office of Mongolia Chamber of Commerce & Industry, which jointly open a new chapter of United Office Platform of Global Chambers! Welcome more foreign firms to be part of us !


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SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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