GM China sold 986,052 units, up nearly 8 percent year-over-year. The growth of almost 20 percent in the quarter included the strong performance of its newest crossover, the Baojun 530, which sold 11,000 units after launching on March 11. Baojun is an entry-level brand under the SAIC-GM-Wuling Automobile joint venture.
Furthermore, JD and Meili Inc, the parent company of Meilishuo, announced the establishment of a new joint venture in January, as JD hopes to tap more female shoppers to compete with Alibaba's Tmall.
Gansu has hired more than 20,000 rural residents and set up a 24-hour provincial-level supervision and complaint hotline to strengthen rural water supply management.
GE has announced furloughs and job cuts in its aviation unit. On Wednesday, the company said more cuts are likely.
Garofolo: No, but what was unprecedented was the high-profile way Amazon went about its search, which ended up backfiring. The circus brought a ton of attention to the process, giving lots of folks time to examine the downsides. Compare that to the recent news that Google has been quietly hoovering up tax breaks via what are basically shell companies. No publicity, no problem. And that’s how things usually go. Quiet deals, under the radar, that taxpayers lose out on without even knowing about it.
Gao Yuwei, a researcher with the international finance institute under the Bank of China, believes that the individual tax reduction scheme is more favorable for the low and medium income group, which will lead to higher disposable incomes and consumption growth. According to Gao, the growth rate of consumption will probably stand at 9 percent this year, maintaining the high level of 2018.
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Galushka also expressed his support for the development of electronic commerce between Russia and China.
Gaming has become one of the most profitable industries in history, especially the blossoming esports sector. In 2019, the gaming sector generated 233 billion yuan in revenues, with a 8.7 percent year-on-year growth, according to Gamma Data Corp.
GUIYANG - China's first big data engineering laboratory newly launched in Guizhou province is expected to help improve government management efficiency.
Further investigation in this case is underway.