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Chinese online education startup Zuoyebang said on Tuesday its livestreaming course revenue has increased 5.5 times year-on-year, as the COVID-19 epidemic is boosting the country's online education sector to new heights.
China State Shipbuilding Corp, the world's largest shipbuilder, signed a major contract worth 20 billion yuan ($2.8 billion) with Qatar's national oil company on Wednesday, marking the largest export deal in China's shipbuilding sector.
In order to encourage financial institutions to better serve micro and small businesses, China will work to lower the provision coverage ratio of small and medium-sized banks, the State Council's executive meeting chaired by Premier Li Keqiang decided on Tuesday.
China's commercial banks will continually increase lending to small businesses with sound tax payment records to ease shocks from the coronavirus pandemic, the country's tax authorities and bank regulators said on Wednesday.
East China's Shandong province reported a 12-percent year-on-year growth in trade with Belt and Road (B&R) countries in the first quarter, despite a slight drop in its overall foreign trade due to the coronavirus epidemic, local authorities said Wednesday.
The COVID-19 epidemic will not weaken the resolution of China or the European Union to stabilize market demand, ensure growth and reinforce macroeconomic policy coordination in the next stage, experts said on Wednesday.
East China's Jiangsu province reported a decline in the foreign trade volume in the first quarter (Q1) of this year and saw the European Union (EU) becoming its largest trading partner during the period.
Author: Producer Emilio Mendez
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