2020-11-21 07:59

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20201121 China News


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Nov.21

2020 


China News

3 minutesKnow China

1Chinese carmaker Huachen Automotive Group, whose subsidiary has a joint venture with BMW, is suffering from mounting debt problems, but the German carmaker said there is no direct impact on the operations of the partnership.


2Foreign-invested enterprises will not be required to maintain a separate account for renminbi-denominated capital flows at a pilot project in Shanghai soon, a senior official from the People's Bank of China, the central bank, said on Thursday.


3China has built over 700,000 5G base stations and has 180 million 5G device connections, covering all cities across the country, industry regulators said on Friday.


4Airlines need up to another US$80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.


5

Pfizer and BioNTech could secure emergency US and European authorization for their COVID-19 vaccine next month after final trial results showed it had a 95 percent success rate and no serious side effects, the drugmakers said on Wednesday.


6

Hong Kong leaders and Beijing municipal officials set their sights on Thursday on high-end service and the innovation and technology industry for closer cooperation between the two cities to enhance their competitiveness on the world stage.


7China will introduce new measures to boost consumption in automobiles, a State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.The body agreed to stabilize and expand auto consumption, encourage the local authorities to fine-tune restrictive measures regarding car purchases and raise the license plate quota ceiling.



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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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