2020-10-11 07:59


20201011 China News

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Oct 11


China News

3 minutesKnow China


Western Digital, the US-based data storage solution provider, is banking on the rapid growth of data application services for further expansion in China, according to a senior company executive.

Though the COVID-19 pandemic has taken a toll on businesses across the world, China has the capability to move faster than others and the widespread adoption of data services is a huge boon for the company, said Steven Craig, senior vice-president and general manager for China.


No new locally transmitted COVID-19 cases were reported on Friday across the Chinese mainland, the National Health Commission said on Saturday.A total of 15 confirmed cases arriving from outside the mainland were reported, the commission said in its daily report.


Since early autumn, livestreamer Yan Wan has been trying on thick winter coats for online shoppers. Viewers of her on internet platform Taobao Live could be as many as 50,000 a day.


Foreign trade of Binhai New Area of North China's port city of Tianjin rose 6.5 percent to 354.12 billion yuan (about $52.2 billion) in the first eight months of this year, local authorities said.


State Grid Corp will further its innovation efforts and continue to invest in the country's high voltage, charging pile and new digital infrastructure sectors as it looks to unlock fresh growth opportunities from China's technology upgrade and industrial reforms.


China's leading hog producer Muyuan Foods expected surging profits in the first three quarters amid high demand for pork, a staple meat in the country. The company's net profits attributable to shareholders in the first nine months are expected to reach 20.7 billion yuan (about $3.05 billion) to 21.2 billion yuan, more than 14 times that in the same period last year, the firm said in a statement filed with the Shenzhen Stock Exchange.


Shares of iHuman Inc, a leading Chinese online childhood edutainment provider, jumped more than 30 percent on the Wall Street debut Friday, joining the latest in a flurry of IPOs that investors cannot ignore.

Source:Globaltimes,Xinhuanet,Chinadaily,Shine,GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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