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China's delivery-based chain Luckin Coffee on Tuesday said it has turned Luckin Tea into an independent brand that runs its own operations and planned to use franchising to fuel its expansion.
China's internet data services, including data center and cloud computing businesses, realized 11.62 billion yuan (.67 billion) in revenue in 2019, an increase of 25.6 percent from a year earlier, People's Daily reported on Wednesday, citing a report from the China Academy of Information and Communications Technology.
China's large fiscal and foreign exchange reserves and the government's measures to stem financial risks have been crucial to maintaining the stable sovereign rating, according to Moody's.
China's new energy vehicle market is set to reshuffle around 2020, which may wipe out some electric car startups, according to an industry think tank. But he said the segment's long-term prospects are bright.
China's economy will continue to grow steadily amid restructuring, with consumption making more contributions to GDP. As the central government is dedicated to further open up the markets, the impact of trade frictions on the larger economy will likely be subdued. So, the A-share market is likely to pick up, MSHF analysts argued in their note.
来源：资阳报