20200311 China News

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China News

1China's tourism industry saw steady growth in 2019, according to a new report by the China Tourism Academy on Tuesday. Domestic attractions received over 6 billion visits throughout the year, up 8.4 percent year-on-year, the report said.


Most enterprises have been on track to resume operations, as novel coronavirus epidemic control efforts bear fruit in China. This, in turn, has led to new activity in the job market.



The world's leading home furnishing retailer, Ikea, opened its online flagship store on Alibaba's e-commerce platform Tmall on Tuesday, showing the Swedish industry leader's confidence in the Chinese market as the novel coronavirus outbreak is increasingly under control in the country.


The first phase of Samsung's chip plant in Xi'an, capital of Northwest China's Shaanxi province, achieved its full capacity of 130,000 memory chips per month in both January and February, according to Samsung China Semiconductor Co Ltd.


Technology is being used to aid the fight against novel coronavirus in Hefei, East China's Anhui province. In order to reduce the risk of COVID-19 cross-infection in public places, no-contact self-service machines and no-contact elevator buttons are being used in a number of hospitals and offices in Hefei.


Foreign consumer brands are racing to resume operations in China after closures related to novel coronavirus pneumonia, as experts expect retail and entertainment to enjoy a robust rebound to make up for pent-up demand.


China may opt to cut the benchmark one-year deposit rate, the first time it would do so in four years, to reduce the cost of funds for coronavirus-hit companies, especially if the upcoming economic indicators for January and February hurt market sentiment and increase concerns for policymakers, analysts said on Monday.

SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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