Wang Bin, deputy director-general of the Commerce Ministry's department of market operation and consumption promotion, said consumption is expected to contribute 65 percent of China's economic growth in 2019, with total consumer good retail sales growing by 9 percent this year, thanks to tax reform, innovation in the e-commerce sector and other industrial policies.
Walmart China has plans to accelerate its expansion by opening more than 500 new stores and "depots" (smaller warehouses) in next five to seven years and updating 200 existing stores in three years, the company's top executive said.
WASHINGTON-The United States reported nearly 100,000 COVID-19 cases on Friday, setting the highest single-day number of cases recorded worldwide, as New York introduced tougher measures to curb the spread within the state.
WUHAN -- Two imported frozen food packaging samples tested positive for the novel coronavirus in Wuhan, capital of Central China's Hubei province, local health authorities said Sunday.
WELCOMING steps taken by International Financial Institutions (IFIs) to support countries in need by using and enhancing their instruments in response to their members' urgent needs.
Wang Haibin, who has been dedicated to helping burnt patients and promoting safety education among the public, poses for a photo. [Photo provided to chinadaily.com.cn]
上海优化排名
Wan Bentai, former chief engineer with the Ministry of Environmental Protection, is under investigation for suspected serious discipline violations and breach of law, according to an official release on Friday.
WASHINGTON -- Private companies in the United States shed around 20.2 million jobs in April as the COVID-19 fallout continues to ripple through the country, payroll data company Automatic Data Processing (ADP) reported on Wednesday.
Wang Hongyi, an executive researcher at the Institute of West Asia and Africa, which is part of the Chinese Academy of Social Sciences in Beijing, expects that the planning process of the 14th Five-Year Plan period (2021-25) will offer more opportunities for SOEs to think strategically and proactively about how to steer their own transformation and enhance their global market presence, particularly in BRI markets.
Wall Street wasn’t thrilled with Blue Apron’s first earnings report. It’s stock is down more than 15 percent this morning, and shares of the meal kit company have dropped 46 percent since it went public in late June. As Bloomberg notes, Blue Apron stock is now worth less than the cost of one of its meals.