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Southwest China's Chongqing municipality reported an estimated 6.3 -percent year-on-year growth of its gross domestic product (GDP) in 2019, according to the ongoing annual session of the municipal people's congress.
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The State Development and Investment Corp, a major State-owned investment company, reaped a record 20 billion yuan ($2.86 billion) in gross profits in 2019.
Chinese entrepreneur Cho Tak Wong, chairman of Fuzhou-based Fuyao Glass Industry Group the world's leading supplier of automotive glass was awarded a letter of commendation by the governor of Ohio, US on Monday for the company's efforts to boost the economy and employment rate of the state.
China's textile industry, a sector that provides jobs to over 27.15 million people in both production and sales, will tap more growth seams in economies related to the Belt and Road Initiative and improve garment makers' innovation capabilities to stay competitive this year, said a senior industry official.
China's 25 leading excavator makers sold a total of 235,693 excavators in 2019, up 15.9 percent year-on-year, data from the China Construction Machinery Association showed.
China's leading automaker FAW Group said that 21 new models will be launched in the next five years under its iconic brand Hongqi, with annual sales expected to exceed 600,000 units by 2025.
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Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham
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