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Shanghai Import Expo Attracts More Foreign Investors, Deals
The third China International Import Expo (CIIE) held in Shanghai from November 5 to 10 has concluded successfully, sending a strong signal that China intends to expand the country’s opening-up.
Ant Group’s Blockbuster IPO Suspended Ahead of Listing
Regulators sent a shock wave through the markets when the Shanghai Stock Exchange announced on November 3 the suspension of the mega IPO of Ant Group, a financial firm operating under the umbrella of e-commerce giant Alibaba, less than two days ahead of the listing.
Two Chinese Vaccines Rolled Out for Emergency Use
Two Covid-19 vaccines developed in China by the China Biology Technology (CNBG) under the China National Pharmaceutical Group (Sinopharm) have been authorized for emergency use, Sinopharm President Liu Jingzhen said.
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Inbound Foreign Investment Increases
New data from China’s Ministry of Commerce (MOFCOM) shows that foreign direct investment (FDI) in China accounted for 9.2 percent of total global FDI in 2019, nearly 3 percent higher than in 2015.
Integrated Media Centers to Boost Local Economy
Media integration, which means the integration of different types of media and new technologies, is expected to greatly boost local economy, said Zhang Lei, a researcher with the Communication University of China, at a forum on the development of county-level integrated media centers.
Fewer Babies Born in China in 2019
Of total births in 2019, at least 59.5 percent were second-born children, 9.5 percent higher than in 2018, according to Yu Xuejun, deputy director of China’s National Health Commission.