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Economy

Home » Economy » Page 170
RCEP to usher in bigger benefits for member economies
Posted inEconomy

RCEP to usher in bigger benefits for member economies

Chinese and Japanese manufacturers in South China's Guangdong Province, a global production hub, have gained from unprecedented tariffs reduction, with some set to save hundreds of thousands of yuan in…
Posted by Danfe TV January 4, 2022
Innisfree closes down 80% of its stores in Chinese mainland citing strategy adjustment
Posted inEconomy

Innisfree closes down 80% of its stores in Chinese mainland citing strategy adjustment

South Korea's innisfree is reportedly axing 80 percent of its physical stores in the Chinese mainland as part of the company's strategy. Several Chinese domestic news outlets reported over the…
Posted by Danfe TV January 4, 2022
Lockdown of vital port in Ningbo disrupts logistics, but impact could be controlled
Posted inEconomy

Lockdown of vital port in Ningbo disrupts logistics, but impact could be controlled

A partial lockdown of Ningbo city in East China's Zhejiang Province, home to the world's largest port, has led to problems like fewer drivers and trucks, raising concerns about  supplies…
Posted by Danfe TV January 4, 2022
Posted inEconomy

Cases found in Ningbo garment plant have little impact to China’s clothes processing industry: analyst

Shenzhou International, a major garment processing plant supplying global sports and leisure brands in Ningbo, East China's Zhejiang Province, was listed as a medium-risk region as seven workers at the…
Posted by Danfe TV January 2, 2022
Posted inEconomy

Huawei vows to build up long-term competitive edge despite its 2021 revenue expected to drop by 29%

A Huawei executive on Friday vowed the company would build up its long-term competitive edge in fields like operating systems in 2022 to embrace industry opportunities despite its annual revenue…
Posted by Danfe TV December 31, 2021
Posted inEconomy

SK Hynix completes phase 1 of purchasing Intel’s NAND memory chip business

SK Hynix, a South Korean semiconductor supplier, has completed the first phase of purchasing Intel's NAND solid-state drive (SSD) memory chip business and its assets in Dalian, Northeast China's Liaoning…
Posted by Danfe TV December 31, 2021
Posted inEconomy

China’s food administrator stresses food security, vows to create a strategic food reserve system

China’s National Food and Strategic Reserves Administration announced on Thursday it will further enhance the country’s food security by tightening market trading supervision and building a sophisticated food reserve system.…
Posted by Danfe TV December 31, 2021
Posted inEconomy

China’s foreign trade to reach historic high at $6 tln, but weak global recovery, chip shortages put pressure on 2022: MOFCOM

China's foreign trade is expected to reach $6 trillion for the whole year of 2021, an increase of $1.3 trillion compared with 2020, Vice Minister of Commerce (MOFCOM) Ren Hongbin…
Posted by Danfe TV December 31, 2021
RCEP to come into effect in two days; China may become ‘recovery locomotive’ in largest free trade bloc
Posted inEconomy

RCEP to come into effect in two days; China may become ‘recovery locomotive’ in largest free trade bloc

China is ready to implement the Regional Comprehensive Economic Partnership (RCEP), marking a remarkable end to 2021 and opening much space to the imagination about the trade prospects of China…
Posted by Danfe TV December 31, 2021
Posted inEconomy

SenseTime shares soar 6.75% in Hong Kong debut, shrugging off US crackdown

Chinese artificial intelligence (AI) firm SenseTime, which has recently been blacklisted by the US, made its debut on the Hong Kong Stock Exchange on Thursday, with share prices soaring as…
Posted by Danfe TV December 31, 2021

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