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Archives for #china

#china

China’s industrial giants see profits in October grow at the fastest pace in nearly nine years

December 2, 2020 by Cornerstone International Group Leave a Comment

China’s industrial giants saw their profits grow for a sixth straight month in October, indicating continued recovery from the coronavirus pandemic in the world’s second-largest economy. Profits at Chinese industrial firms rose 28.2 per cent in October from a year earlier to 642.91 billion yuan (US$97.8 billion), almost triple the  10.1 per cent increase in […]

Filed Under: Cornerstone Blog Tagged With: #china, #industrialgiants

China plans to double its GDP by 2035, the economic plan reveals

November 17, 2020 by Cornerstone International Group Leave a Comment

China’s top decision-makers plan to double its economy by 2035 and reach the status of a high-income nation by 2025. According to state media, Xinhua, Chinese President Xi Jinping says that it is “entirely possible” to achieve the status of a high-income country, and for the nation to double its economic output by 2035. The […]

Filed Under: Cornerstone Blog Tagged With: #china, #economicplan, #gdp

Poised for great development

October 13, 2020 by Cornerstone International Group Leave a Comment

Two decades after the launch of the Western Development Strategy, the Central Committee of the Communist Party of China recently announced a significant new step in promoting the large-scale development of the western region in the new era. which opens a new round of development and opening-up of the western region. For decades, the western […]

Filed Under: Cornerstone Blog Tagged With: #china

Swiss home appliance company to open more stores in China

August 7, 2020 by Cornerstone International Group Leave a Comment

V-ZUG, the Swiss manufacturer of household appliances, plans to open more stores in both tops- and second-tier cities in China, and will introduce new digitalization of related products into the country’s lucrative market for the long term. Many opportunities arise from Chinese consumers’ growing demand for high-end home appliances, such as ovens, high-efficiency stoves, and […]

Filed Under: Cornerstone Blog Tagged With: #businessnews, #china

China’s economy continued strong recovery from coronavirus shock in July, but challenges remain

August 3, 2020 by Cornerstone International Group Leave a Comment

Buoyed by a construction boom, China’s economic recovery continued apace in July, new sentiment data suggested. The official manufacturing purchasing managers’ index (PMI) for July stood at 51.1, with a reading above 50.0 suggesting expansion in factory output. This was slightly better than June’s reading of 50.9 and was better than analysts’ expectations, with the median […]

Filed Under: Cornerstone Blog Tagged With: #china, #economy

New lab to develop next-generation batteries

July 1, 2020 by Cornerstone International Group Leave a Comment

Contemporary Amperex Technology Co Limited, China’s largest lithium-ion battery maker broke ground on Wednesday on a new laboratory to develop next-generation batteries. In Its headquarters in the city of Ningde, East China’s Fujian province. The battery giant reported a 28.6-percent year-on-year growth in net profit in 2019 but its net profit shrank by 29.14 percent […]

Filed Under: Cornerstone Blog Tagged With: #business, #china

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