China embraces new infrastructure to catalyze new growth drivers
China has pledged fresh efforts in advancing the construction of new infrastructure projects in a bid to further stimulate new consumption demand and boost industrial upgrading.
Macro
China's consumption recovering, more measures underway: official
China's consumption is on recovery path and further measures are underway to boost consumption upgrading and optimize supplies, an official with the country's top economic planner said Sunday.
Industries
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China's housing market remains stable in April with prices edging up
China continued to see generally stable housing market in April, with home prices in 70 major cities showing milder month-on-month increases.
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China injects big in developing new generation AI-techs
China highly values artificial intelligence (AI) development and injects big in developing a new generation of AI technologies.
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Companies
Huawei leads China's 5G phone market in Q1
Huawei took the lead in China's 5G smartphone market in the first quarter of 2020, the company said at its 2020 Global Analyst Summit.
Alibaba reports 22 percent rise in quarterly revenue
China's e-commerce giant Alibaba on Friday reported a rosy quarterly revenue despite the economic impact of the COVID-19 pandemic.
Baidu's net profit surges in first quarter despite COVID-19
China's leading search engine and AI technology firm Baidu reported that its non-GAAP net profit skyrocketed 219 percent year-on-year to 3.1 billion yuan in the Q1 of 2020 despite the adverse impact of COVID-19 epidemic.
