China's economic recovery offers encouraging precedent for world

China's economic recovery offers encouraging precedent for world

China's accelerating economic recovery from the COVID-19 pandemic could continue in the fourth quarter and provide encouraging insight into the post-COVID-19 economic picture, according to investment advisory experts.

Macro

China deepens capital market reform with expansion of registration-based IPO

China deepens capital market reform with expansion of registration-based IPO

With the registration-based initial public offerings system to be further expanded, China has cranked up reform in its capital market system amid efforts to promote high-quality economic development.

Industries

Companies

Alibaba acquires controlling stake in hypermarket chain Sun Art

Alibaba acquires controlling stake in hypermarket chain Sun Art

Chinese e-commerce giant Alibaba Group on Monday announced that it will invest approximately 3.6 billion U.S. dollars to acquire control of Sun Art Retail Group Ltd., a leading hypermarket and supermarket operator in China.

Huawei sales up 9.9 pct in Jan.-Sept.

Huawei sales up 9.9 pct in Jan.-Sept.

China's tech giant Huawei said Friday that its sales had increased by 9.9 percent year on year to 671.3 billion yuan in the first three quarters of this year.

Tesla recalls 48,442 vehicles in China

Tesla recalls 48,442 vehicles in China

U.S. electric-car maker Tesla has started to recall 48,442 vehicles in China, citing defective parts that could increase the risk of accidents, according to the country's top quality watchdog.

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