Asia business news today chinadaily
Here are some of the top business news stories from China Daily today:
Economy
- China's economy grows 6.1% in 2020, beats expectations: The National Bureau of Statistics (NBS) announced that China's GDP grew 6.1% in 2020, beating market expectations and marking the country's first positive growth rate in three years.
- China's foreign trade surges 9.9% in 2020: China's foreign trade volume reached 32.16 trillion yuan (about 4.7 trillion US dollars) in 2020, a year-on-year increase of 9.9%, according to the General Administration of Customs.
Technology
- China's Huawei to launch 5G smartphone: Huawei is set to launch its new 5G smartphone, the Mate 40 Pro, in China today, marking a major milestone in the company's efforts to recover from US sanctions.
- China's Alibaba Group to invest in Indonesia's e-commerce: Alibaba Group has agreed to invest in Indonesia's e-commerce platform, Tokopedia, in a deal that values the company at over 13 billion US dollars.
Finance
- China's central bank injects liquidity into market: The People's Bank of China (PBOC) injected 100 billion yuan (about 14.7 billion US dollars) into the financial system today to maintain liquidity and stability in the market.
- China's Shanghai Stock Exchange to launch new index: The Shanghai Stock Exchange is set to launch a new index, the Shanghai Stock Exchange 50 Index, which will track the performance of the 50 largest listed companies on the exchange.
Business
- China's JD.com to invest in logistics: JD.com, one of China's largest e-commerce companies, has announced plans to invest 10 billion yuan (about 1.5 billion US dollars) in its logistics network over the next three years.
- China's Geely to launch new electric vehicle brand: Geely, China's largest privately-owned automaker, is set to launch a new electric vehicle brand, Geometry, which will focus on producing affordable and sustainable electric vehicles.
These are just a few of the top business news stories from China Daily today.