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China's monetary authorities lowered interest rates of major lending facilities, given a projection of moderate consumer inflation in coming quarters, in support of credit to smaller businesses hit by the novel coronavirus pandemic.
China's gross domestic product expanded 4.9 percent year-on-year in the third quarter of 2020, faster than the 3.2-percent growth seen in the second quarter, data from China's National Bureau of Statistics showed.

China's large-scale tax and fee reduction, including the government's reductions in VAT, one of the important measures for countering downward pressure, all present opportunities for foreign companies like Sabic, and "we will further deepen energy cooperation with old partners while continuing to seek new partnerships for sustainable development," he said.
China's e-commerce giant Alibaba Group has unveiled its first "future hotel", also known as "Flyzoo Hotel", in Hangzhou city, Zhejiang province, according to a local media reports on Tuesday.
China's economy is the second-largest in the world. Its exports account for about 12 percent of the global total. China's capital market-stock and bond markets-now is the world's second-largest.
来源:资阳报