Page 11 - Cong Yi News Today

Chinas export machine kept roaring in September with growth pace during the month significantly exceeding expectations, despite a series of challenges, including the lingering fallout of the COVID-19 pandemic, power shortages and price hikes for bulk commodities.

Buying beautiful flowers or chocolate for loved ones, going out for a luxury dinner, or staying at home after buying steak and wine online to celebrate the Qixi Festival, or the Chinese Valentine’s Day, which fell on Saturday this year, Chinese consumers spent big during the popular day for young couples despite recent COVID-19 flare-ups.

The US Senate on Tuesday approved $1 trillion bipartisan infrastructure bill after months of negotiations. Despite the US government’ attempt to decouple from China, experts said the country’s infrastructure push can’t proceed without participation of China.

Sales of excavators, often considered a barometer of Chinas economy, fell 9.24 percent year-on-year in July, reflecting an upgrade of infrastructure investment as the country shifts from extensive economic growth to high-quality development.

China’s major e-commerce platforms including JD and Alibaba’s Tmall kicked off this year’s 618 mid-year shopping festival on Tuesday with record sales, in another testament to the massive buying power of Chinese consumers in a virus-free environment and the resilience of the Chinese economy.

China on Monday posted weaker-than-expected growth for some key economic indicators for April, shining a spotlight on lackluster recovery of some crucial growth drivers - most notably of the consumer market.

China’s retail sales up 17.7% in April, indicating economy gaining strength China’s retail sales of consumer goods, a major indicator of consumption growth, grew 17.7 percent year-on-year in April, as consumption-driven post-pandemic recovery is gaining pace in the world’s second largest economy. In the month, retail sales of consumer goods reached 3.32 trillion yuan ($515.9 billion), up 0.32 percent month-on-month, data from the National Bureau of Statistics (NBS) showed on Monday. In th...

A month-long national campaign to rev up wide-ranging consumption will commence on Saturday with a series of promotional activities planned across the country, the Ministry of Commerce (MOFCOM) announced on Sunday, as consumer spending in the country remains relatively low compared with pre-pandemic levels and crucial for a sustained post-virus recovery for the Chinese economy.

CHINA / DIPLOMACY Trade record predicted for 2021, ‘more confidence’ to solve disputes with US By GT staff reporters Published: Apr 14, 2021 12:39 AM Updated: Apr 14, 2021 12:41 AM An aerial photo taken on Nov. 3, 2020 shows the container dock of Yangshan Port in Shanghai, east China. (Xinhua/Wang Xiang) There is a high likelihood that China and the US will post a bilateral trade record this year, experts said, as their industries and economies are closely intertwined and cannot be decou...

CHINA / SOCIETY Domestic travel restriction to be further eased By Wan Lin and Qi Xijia Published: Mar 14, 2021 11:23 PM Tourists visit the Meihuashan (Plum Blossom Hill) scenic area in Nanjing, East Chinas Jiangsu Province, Feb. 19, 2021. Photo:XinhuaChinas tourism and services industries are expected to see double-digit growth year-on-year in the second quarter after China further lifts domestic travel restrictions amid a stable COVID-19 epidemic situation, experts said.   Starting Mar...