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China, the world's second-largest economy, is actively embracing the burgeoning e-commerce sector, generating 4.82 trillion yuan ($683 billion) in online retail sales during the first six months of this year. Online retail sales surged 17.8 percent year-on-year in the first half, accounting for nearly 20 percent of the overall retail sales of consumer goods, official data showed. The healthy data are a reflection of the country's increasing consumption power, the department of electronic commerce and informatization at the Ministry of Commerce said during a media briefing in Beijing. The significant growth in online retail sales has largely been driven by the booming business-to-consumer online retail business, blossoming e-commerce business in rural areas and the fast-growing cross-border e-commerce sector, according to the ministry. During the first half, B2C online retail accounted for about 75.8 percent of the online retail market, a 4.1 percentage points rise from the same per...
Xinhua
Friday, August 16, 2019
Xinhua
Friday, August 16, 2019
ANBOUND
Friday, August 16, 2019
Source: ANBOUND
Monday, August 12, 2019
The current situation faced by China is rather complicated. Next year will be the last year of the 13th Five-Year Plan. To achieve a number of important development goals in an unprecedentedly complex situation, the development of China during the 14th Five-Year Plan will be an urgent task that has never been experienced by China before. It is worth not ...
Source: ANBOUND
Monday, August 12, 2019
What will the world's currency be like in the future? There are many opinions regarding this issue, and the problems and defects in the world's monetary system have begun to be noticed by many. Since the global financial crisis broke out in 2008, Zhou Xiaochuan, governor of the People's Bank of China had suggested to reform the internationa ...
Source: ANBOUND
Thursday, August 08, 2019
The latest conflict between India and Pakistan on Kashmir has become an increasingly heated political hotspot in this chaotic world. On the morning of August 5, Amit Shah, the Indian Minister of Home Affairs and the President of the Bharatiya Janata Party, moved two bills to abolish Article 370 of the Constitution in order to restructure Jammu and Kash ...
Source: ANBOUND
Wednesday, August 07, 2019
The U.S.-China trade war has recently become markedly complicated. Previous U.S.-China trade disputes were focused on tariffs and targeted key companies such as Huawei, whereas the latest situation suggests that the U.S.-China trade disputes are spreading to the financial sector. On August 5, China's yuan breached the critical level of 7 to the U.S. ...
The Chinese yuan (RMB) now has breached 7 per U.S. dollar (USD). After this recent depreciation of RMB against the USD, U.S. Department of the Treasury issued a statement on August 6 morning (Beijing time) that identified China as a currency manipulator. This is a historic moment that has not happened in the White House since Clinton's administration ...
Source: ANBOUND
Wednesday, January 23, 2019
A Study on Chinese Overseas Investment Opportunities in the Context of U.S.-China Trade Spat by ANBOUND January 2019 Globalization has reshaped the world economic order. Through the economic globalization, globalization of investment activities and international production as well as, the global flow and allocation of commodities, capital, technology, ...
As China's economy gets bigger and more competitive, the country will play a greater role in the international financial system. The yuan's internationalization is an inevitable trend despite hardships along the way. Countries like the US have been pursuing protectionism and unilateralism in recent years. The China-proposed Initiative (BRI), on the ...
Source: Xinhua
Friday, August 16, 2019
Oil prices declined on Thursday, extending previous session's loss as investors continued to worry about possible economic recession. The U.S. Treasury yield curve temporarily inverted on Wednesday, with two-year note yields exceeding 10-year yields, signaling growing concerns over a recession in the world's biggest economy. Market participants wer ...

Urbanization

Author:

Chen Gong

Publisher:

CITIC Press

 
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