Long-awaited holiday ignites spending revival in China
Fast food restaurant A'wen once again recorded over 10,000 monthly orders as customers with newly issued digital coupons flooded the eatery situated near North Bund in Shanghai.
Macro
China Focus: Farmers reap gains in livestream boom
Surrounded by various agricultural products, Chen Laifeng, a post-90s farmer livestreamer, was touting specialty tea to viewers on TikTok, known locally in China as Douyin.
Financials
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China faces up to trade challenges amid pandemic
China's exports rose 8.2 percent year on year to 1.41 trillion yuan (about 198.8 billion U.S. dollars) in April, while imports fell 10.2 percent to 1.09 trillion yuan.
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China's new foreign investment rule to boost stocks, bonds
China announced plans to scrap quota restrictions on two major inbound investment schemes, further streamline procedures for foreign institutional investors.
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Companies
Sinopec builds up world's largest mask material production base
Sinopec Yizheng Chemical Fibre Co., Ltd., a subsidiary of China's largest oil refiner Sinopec, put into operation 12th of its 12 meltblown non-woven fabric production lines Saturday to meet brisk demand of face mask producers.
Chinese automaker Geely's car sales rebound in April
Chinese carmaker Geely sold 105,500 vehicles in April, soaring 44 percent from the previous month, according to the company.
Int'l hotel groups gradually resume full operations in China
International hospitality groups are gradually resuming full operations in China as the country has entered the phase of regular epidemic prevention and control.
