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JD Daojia, the on-demand retail platform of Dada Group, will offer coupons with a total value of more than 250 million yuan ($35.2 million) to consumers of more than 700 cities and counties nationwide during its fifth anniversary shopping festival held from April 5 to April 16.
The China Securities Regulatory Commission condemned Luckin Coffee's financial fraud on its official website on Friday. The country's top securities regulator vowed to resolutely crack down on securities fraud and protect investors' interests, according to the announcement.
International cooperation and macroeconomic policy coordination can mitigate the unprecedented economic impact of the novel coronavirus and preserve financial market stability, and governments should take more proactive measures to ward off a possible recession, according to a senior central bank official.
China's soybean imports haven't been affected by the spread of COVID-19 globally and the soybean production is expected to increase in major soybean exporting countries, officials with the Ministry of Agriculture and Rural Affairs said at a briefing on Saturday.
China will continue to accelerate development of free trade zones with more incentive policies to encourage foreign investment this year, in a bid to promote high-level opening-up, according to the Ministry of Commerce.
China is ramping up financial support for the domestic economy, including a cut in banks' required reserves, officials said on Friday. Also, targeted measures in issuing bonds and injecting liquidity will help bail out the corporate sector with the global spread of the novel coronavirus.
Zhengjiang and Guangdong saw the highest growth in permanent resident population according to data from the 21st Century Economic Research Institute in 2017 through 2019, the 21st Century Business Herald reported on Friday.8
On April 7, the Chinese central government decided that given the global pandemic, the 127th Canton Fair would be launched online from mid to late June. Powered by advanced information technology, it will be provided around-the-clock services for online product promotion, matchmaking and business negotiations.
Author: Producer Emilio Mendez
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