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China relied on New Zealand for its cheese imports before it cut the tariff on US cheese, but China's cheese demand has increased more than sevenfold over the last 10 years to 100,000 metric tons, according to Milk Magazine, and the country is looking to other markets. With the tariff now at 8 percent, US producers can be much more competitive in the Chinese dairy market.
China saw the sales of durable consumer goods including automobiles and home appliances notably rebound during the five-day May Day holiday, said a senior commerce official on Friday.
China kicked off the commercialization of 5G on Oct 31, 2019, with the nation's big three telecom operators rolling out their 5G data plans. China Mobile, China Unicom and China Telecom echoed their intentions of joining hands and accelerating construction of 5G network infrastructure. They also disclosed in March that they would invest a total of about 180 billion yuan on 5G this year.
China will continue to loosen market entry access and improve the business environment for foreign investors. It will also help build technology promotion centers and send training experts to less-developed nations.
China oil companies reported decline of net profit and revenue in the first quarter earnings, as the coronavirus epidemic hurt fuel consumption and resulted in collapsing oil prices.
来源：资阳报