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China's 5G commercial service has seen a good start last year with breakthroughs in various sectors, a senior official has said.


The services sector's contribution to Shanghai's GDP continued to expand last year, with foreign investment, new economy activities and strategic emerging industries shoring up economic performance that local authorities defined as "progressive amid stabilization".


Foreign direct investment (FDI) into the Chinese mainland rose by six percent year on year to 845.9 billion yuan in the first 11 months of 2019, data from the Ministry of Commerce showed.


Chinese stocks plunged on Thursday, with the benchmark Shanghai Composite Index down 2.75 percent, at 2,976.53 points.


The outlook for China's A-share market remains positive for the year ahead, despite uncertainty surrounding the new coronavirus outbreak causing market instability in the short term, analysts said.


BMW AG said it will strengthen its China strategy in 2020, as efforts to meet local demands have helped make it the country's most popular premium carmaker.


China's auto market will likely bottom out this year and next, after posting negative sales growth for two consecutive years, a senior official said Monday.


SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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