State-owned Chinese carriers posted higher revenues in the first half of the year although net profits slipped because of the slower pace of travel demand along with the grounding of nearly 100 troubled B737 MAX aircraft and the postponed delivery of new jets.
Staff keep the mall clean by constantly wiping the floor and shining the glass on each floor. Shoppers walk over buffed black, white and gray marble floors and pass pillars speckled with gold.
State-owned rail builder and engineering company China Communications Construction Company saw an uptick in its net profit in the first half of 2017. The company also vowed to promote the transfer of equity interests in its subsidiary company, though it was not included in the pilot mixed-ownership reform scheme.
Stephen Chan, professor of international relations at the School of Oriental and African Studies in the University of London, said he was impressed by Xi's statement that China will cancel the debt of African countries, and he urged the world to provide debt relief to address the economic distress caused by COVID-19.
State Grid is expanding its business globally with acquisitions across the world. Currently, it has invested in Italy, the Philippines, Brazil, Portugal and Australia.
Statistics from the Ministry of Commerce showed online retail sales in rural areas reached 777.13 billion yuan in the first half of this year, up 21 percent year-on-year. Agricultural products' online retail sales amounted to 187.36 billion yuan in China in the first half, with a year-on-year increase of 25.3 percent.
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Statistics from the National Bureau of Statistics showed that in the first quarter of 2018, the growth rate of China's total retail sales of consumer goods was 10.1 percent. However, later on, the growth rate dropped to lower than 10 percent.
State Grid Corporation of China (SGCC) on March 9 forecast a 60 percent increase in EV sales in China, which already accounts for the lion's share of EVs worldwide.
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Statistics show that more than 1.06 million international students came to the United States for study in 2017, and Chinese students accounted for roughly 30 percent of them.