Weekly snapshot of China's local business news

0 Comment(s)Print E-mail Xinhua, October 4, 2020
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BEIJING, Oct. 4 (Xinhua) -- The following are highlights of China's local business news from the past week.


The Hainan free trade port in south China's Hainan Province on Monday launched its first inter-continental shipping line linking the port with Australia and other Asia-Pacific countries.

The Yangpu-South Pacific-Australia route will connect ports in China, the Philippines, Papua New Guinea and Australia, according to authorities in Hainan's Yangpu Economic Development Zone.


The fourth China International Import Expo (CIIE) has opened registration for its business exhibition, the organizer said on Monday.

Enterprises from abroad can register on the CIIE's official website starting Monday, according to the organizer.


German carmaker Volkswagen is positioning itself to take a leading role in the development of China's new-energy vehicle (NEV) industry, with plans for large-scale financial investment in the coming years.

Volkswagen, together with its Chinese joint-venture partners, will invest 15 billion euros (about 17.5 billion U.S. dollars) in China alone by the end of 2024, fueling the country's e-mobility push, Stephan Wollenstein, CEO of Volkswagen Group China, said Monday.

Wollenstein made the announcement at the Sino-German Forum on Cooperation and Development of NEVs, part of the 2nd World New Energy Vehicle Congress (WNEVC 2020), held in Haikou, capital of south China's Hainan Province.


The trade platforms of Chinese e-commerce giant Alibaba Group have attracted over 68 million small and medium-sized enterprises (SMEs) from more than 200 countries and regions, the company said at an event.

Alibaba Group revealed the data at the 2020 Investor Day, which ran from Monday to Wednesday in Hangzhou, capital of east China's Zhejiang Province. The company said its two trade platforms -- Alibaba.com and 1688.com, which respectively focus on foreign trade and domestic trade -- have seen rapid development since 1999.


A total of 96.4 billion yuan (about 14.2 billion U.S. dollars) has been invested in northwest China's Xinjiang Uygur Autonomous Region by 19 provinces and municipalities across the country over the past decade, according to the regional economic planner.

More than 10,000 aid projects have been implemented in the region since 2010, the regional development and reform commission said. Enditem

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