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Chinese e-commerce giant JD reported its net revenues for the third quarter of this year reached 174.2 billion yuan (.7 billion), an increase of 29.2 percent compared with the same period last year. Annual active customer accounts increased by 32.1 percent to 441.6 million in the 12 months that ended Sept 30.
Chinese regulators have released the 2019-2020 consumption upgrade stimulus measures in June, allowing local authorities to relax purchase restrictions on internal combustion engine vehicles (ICEVs) in nine major cities, including Guangzhou and Shenzhen.
Chinese actress Liu Shishi attends the premiere of the film
Chinese brands are beefing up their presence on the global stage with an increasing number of national brands reaching world-class levels, top officials said Friday.
Chinese lenders bought 2.6 billion worth of foreign currencies and sold 3.2 billion worth last month, resulting in a net purchase of .4 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.
