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Global retail giants like Walmart, Starbucks, Nestle and Fonterra are scaling up their investments in China to cash in on the strong rebound in the country's consumption sector with the steady recovery from the novel coronavirus outbreak, industry experts said on Thursday.
The China Rare Earth Price Index shrank 0.63 percent from the previous working day to 1,112.38 points Friday.
The real estate sector is on track to gradually recover as investment and sales in the sector have rebounded in March to end the month-long disruption caused by the COVID-19 epidemic, analysts said.
Tesla Inc opened its official virtual store on China's Tmall site on Thursday, a fresh sign of a deepened footprint in the country following the rollout of the locally made Model 3.
Authorities in northeast China's Heilongjiang Province on Friday held 18 people accountable for their insufficient response to the local prevention and control of COVID-19.
Xi Jinping, chairman of the Central Military Commission (CMC) of the People's Republic of China, has signed an order of commendation to honor all the military personnel undertaking the mission of COVID-19 epidemic prevention and control.
Chinas gross domestic product posted negative growth in the first quarter but showed a clear recovery in March, according to data from the National Bureau of Statistics. It came in at 20.65 trillion yuan (US$ 2.91 trillion) in the first quarter, falling 6.8 percent year on year.
All 287 medics from Huashan Hospital who served on the coronavirus pandemic front line returned to the hospital on Friday to celebrate their victory. The hospital had sent the largest number of medics in China to Hubei Province, former epicenter of the outbreak, Huashan officials said.
Author: Producer Emilio Mendez
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