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China's non-financial outbound direct investment (ODI) dropped 0.6 percent year-on-year to 169.03 billion yuan ($24.22 billion) in the first quarter of 2020, the Ministry of Commerce announced on Tuesday.
JD Daojia, the on-demand retail platform of Dada Group, said its overall peak-day sales rose 1.1 times on a yearly basis, while its sales in third- and fourth-tier cities surged 4.8 times year-on-year during its fifth anniversary shopping festival, which lasted from April 5 to 16.
BP Plc, the British energy giant, signed a strategic cooperation agreement with China Resources Chemical Innovative Materials Holdings Ltd (CRC) to enhance cooperation on purified terephthalic acid sourcing and the development of the polyester value chain, the London-headquartered company announced on Tuesday.
China announced new debt financing plans and additional rate cuts after the quarterly economic contraction in order to limit the effects of the novel coronavirus pandemic and ensure that the economy is better placed to recover, according to officials and analysts.
Trade in East China's Shandong province with countries involved in the Belt and Road grew by 12 percent year-on-year in the first quarter to 145.4 billion yuan ($20.5 billion), according to Jinan Customs on Tuesday.
In response to the COVID-19 pandemic, the third edition of the China International Import Expo (CIIE) will feature a public health and epidemic prevention exhibition area in the Medical Equipment & Healthcare Products Exhibition Hall, organizers announced on April 21.
Sounding a long whistle, a train carrying 50 containers of goods including electronic devices and clothes as well as anti-virus supplies left Xiamen in eastern China for Hamburg, Germany.
Author: Producer Emilio Mendez
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