China PMI data shows fresh signs of recovery amid COVID-19 control
China's factory and service sector activities expanded in May amid government policies to coordinate growth and control of the COVID-19 epidemic.
Macro
China to energize market entities to sustain growth
At the ongoing "two sessions," China has pledged fresh efforts to implement an array of measures to inject more dynamism into market entities to achieve stable growth amid COVID-19 fallout.
Financials
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Rural e-commerce gains momentum in China as stay-at-home economy thrives
China's rural e-commerce has been growing at a fast pace amid government initiatives to support rural consumption.
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China stabilizes industrial, supply chains to empower enterprises
Amid COVID-19 epidemic, China has been intensifying efforts to stabilize industrial and supply chains to help enterprises tide over unprecedented challenges.
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Companies
Tencent to invest 500 bln yuan on new infrastructure in next 5 years
China's tech giant Tencent announced it will invest 500 billion yuan in the next 5 years to develop new infrastructure across the country.
Trip.com Group reports hefty loss from operations
Shanghai-based Trip.com Group Limited, a leading online travel agency in China, reported 1.5 billion yuan loss from operations in the 1st quarter of this year due to impact of COVID-19.
Alibaba's online market to sponsor 100,000 influencers worldwide
AliExpress will empower over 100,000 content creators and influencers worldwide to bring new jobs and help them generate incomes to recover from global economic downturn caused by COVID-19.
