China's economy firms against twin shocks of floods, epidemic
Chinese President Xi Jinping inspected east China's Anhui Province Tuesday. Xi's tour came at a time when the country is forging ahead with its economic resumption amid dual challenges of flood relief and regular epidemic control.
Macro
Cross-border e-commerce propels China's foreign trade
Amid great global economic uncertainties caused by the COVID-19 pandemic, China's foreign trade sector has delivered better-than-expected performances so far this year, with cross-border e-commerce providing impetus.
Financials
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New port opens to boost interconnectivity in Greater Bay Area
A new port to facilitate travel between Macao and Zhuhai, south China's Guangdong Province, was officially put into use Tuesday, a new step to boost development of the Guangdong-Hong Kong-Macao Greater Bay Area.
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China's stable housing market offers healthier support for economy
After years of rapid growth, China's once red-hot property market is entering a period of stable and sustainable development and will continue to shore up the economy, analysts said.
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Companies
Alibaba opens first business center in east China
The Alibaba Group on Tuesday opened its first business operation center in the city of Jinhua in east China's Zhejiang Province.
JD.com's net revenue up 33.8 pct in Q2
Chinese online retail giant JD.com saw a soaring net revenue of 201.1 billion yuan (about 28.73 billion U.S. dollars) in the second quarter, up 33.8 percent year on year.
E-commerce firm Pinduoduo sees 67 pct revenue growth in Q2
Chinese e-commerce platform Pinduoduo Inc. posted 67-percent year-on-year revenue growth in the second quarter (Q2) of 2020, with a soaring number of active buyers during the period.
