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Chinese e-commerce giant Alibaba said over 15 million types of goods from 140,000 brands will be available through its Tmall shopping platform. The company said luxury brands, retail giants from the United States and Australia, and millions of Chinese retailers will join the promotion this year.
Chinese internet giant Tencent Holdings Ltd has offered to buy out the country's second-largest search engine Sogou Inc in a .1 billion deal, which analysts say could help Tencent build up its online search business and fend off competition from potential market entrants such as ByteDance and Alibaba.
Chinese leaders hope the new area will help address severe "urban ills" of traffic congestion and air pollution in Beijing, by curbing the capital's population growth and moving non-capital functions out of Beijing.
Chinese people's consumption of services has been steadily rising over the past two decades. Use of transportation and telecommunication services, for example, accounted for 18 percent of urban residents' total consumption in 2018, up from only 7 percent in 1998, according to a report by Moody's Investors Service. Residential expenditures for services in education, culture and entertainment and healthcare also increased substantially in the past 20 years.
Chinese banking institutions had offered credit support of over 746 billion yuan (about 6.53 billion) as of Wednesday noon to boost production restoration amid epidemic control efforts. [Photo/Sipa]
来源：资阳报