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As China's growing pool of newfound rich joins the world's billionaire ranks, asset managers have been dancing to their tune.
Approved by the Communist Party of China Central Committee, Wang Zhonglin, Party chief of Jinan, capital of Shandong province, was appointed as Party chief of Wuhan, Hubei province, center of the novel coronavirus pneumonia outbreak, Xinhua News Agency reported on Thursday.
As China accelerates the construction of 5G networks this year, more cities will be covered with the superfast technology, which will spur consumers to quickly upgrade their devices, analysts said.
As China seeks high-quality development, it is building new growth engines such as high-tech, equipment manufacturing and strategic emerging industries, all of which have seen solid growth in recent years.
As Chinese buyers had purchased cheap crude cargoes for May delivery, Li said there is still opportunistic buying to be had to capitalize on low crude costs. It is an opportune time to stockpile for China, whose crude storage at present is below target, she said. ICIS said crude imports in the country are projected to grow in 2020 at a slower rate of 7.6 percent from the 9.5 percent pace recorded last year.
来源：资阳报