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China's express delivery business grew significantly this year. More than 40 billion packages were delivered between January and July, surpassing the total volume of 2017, according to data published by the State Post Bureau of China.
China's holding of US Treasuries climbed to a 11-month high of .17 trillion in July, marking the sixth consecutive month of growth, along with the expansion of the foreign exchange reserve and a strengthened renminbi.
China's largest wine producer, Yantai Changyu Pioneer Wine Co, is purchasing 80 percent of Kilikanoon Estate Pty Ltd of Adelaide, Australia, at A.65 million (.45 million), a decision that will further enhance the Chinese winery's global portfolio and help meet Chinese consumers' growing demand for quality wine.
China's economy is tough and robust, and won't be hindered by the epidemic, said Huang Tianzhong, a Chinese-American scholar, who added that he is not pessimistic about further impacts of the epidemic on China's economy. Interviewed by China News Service, Huang said he believes China can minimize the harm.
China's first e-commerce law took effect on Jan 1. It bans vendors from unscrupulous practices like deleting shopper reviews, and canceling orders.
