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Voice Broadcast

Feb.22

2021

China News

3 minutesKnow China

The wholesale prices of China's agricultural products edged down Friday, according to the Ministry of Agriculture and Rural Affairs. The latest China agricultural product wholesale price index came in at 138.19, down 1.96 points from the previous working day.

Nasdaq-listed Chinese internet giant Baidu Inc delivered better-than-expected fourth-quarter financial results on Thursday, with revenue rising 5 percent year-on-year to 30.3 billion yuan ($4.7 billion), yielding a non-GAAP(generally accepted accounting principles) net profit of 6.9 billion yuan.

Ethiopia's telecom monopoly, the state owned Ethio-Telecom has announced Chinese firm ZTE has expanded Fourth Generation (4G) telecom services to six major Ethiopian cities.

The scale of China's internet advertising market expanded to nearly 500 billion yuan (about $77 billion) in 2020, up 14 percent year on year, according to the latest statistical report on internet development.

China's economy continued to gather steam during the Spring Festival period despite millions of people staying put for the weeklong holiday which started on Feb 11, which usually sees mass migration across the country.

Entrepreneur Yun Hwang-suk from South Korea has just injected $1.5 million of capital into his electronics company in East China's Shandong province. The new investment will be used for product research and development and the upgrade of the integrated inductor production line for the joint venture in the coastal city of Weihai.

Staycationing Chinese consumers spent 905.76 billion yuan (about $140.16 billion) on a month-long online Spring Festival shopping spree that concluded Thursday, official data shows.

Northeast China's Heilongjiang province will introduce an "industrial chain chief" scheme to promote the high-quality development of industrial chains. The governor will serve as chief-general of the industrial chain, and vice-governors will be chiefs, according to the provincial government work report delivered at the ongoing annual session of the provincial legislature.

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

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham