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China also used a massive stimulus package to boost its economy during the global financial crisis. But, unlike the US stimulus, which mostly supported consumption or bailed-out financial companies, most of China's stimulus went into productivity-enhancing infrastructure instead, which raised real GDP.
China Literature, which has game giant Tencent as its shareholder and strategic partner, distributes its content via the mobile QQ app, QQ browser, WeChat Reading, Tencent News and Tencent Video. The company said the epidemic has a positive influence on its online business, as the paid membership and the time people spend on reading have grown recently, adding it will entice more new users and develop the online paid reading service.
China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, has agreed to raise a total of 78 billion yuan (.7 billion) from strategic investors, as part of the Chinese government's push to rejuvenate State-owned enterprises with private capital.
China Tower got listed earlier this month to raise money for future growth. It is also expanding into new business areas by partnering with Alibaba Group Holding Ltd, State Grip Cop of China and other companies. Such cooperation is based on the fact that telecom towers can be shared by different industries because they have access to both wired and mobile networks and are linked to a steady power supply.
China also announced last week that it would halve rates of additional tariffs on billion worth of US products. Both of those tariff modifications are set to take effect on Friday.
来源：资阳报