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China's oldest, much-loved brands, which seemed set to die a natural death not long ago due to the onslaught of e-commerce and modern competitors, may yet survive and thrive again.
China's large number of fintech companies has helped the country to take the lead worldwide in developing the industry, according to the Global Fintech Hub Report released on Wednesday during the Money 20/20 China conference.
China's industrial production expanded at a faster pace, with the value-added industrial output rising 6.8 percent year on year in the first three months, up from 6.3 percent for January and February, and 6 percent for 2016.
China's monetary stimulus has been restrained compared to other major economies. In 2020, Chinese M2, a broad measure of the money supply, has risen at a growth rate of between 10.5 and 11.5 percent, compared to 8.0-8.5 percent in 2019.This additional money flowing into the economy is only enough to result in a mild increase in inflation in the worst case scenario.
China's largest carmaker SAIC Motor Group launched its car-hailing business on Sunday.
来源：资阳报