Category: Business

CGTN | 09-Nov-2020

How has the global pandemic affected China’s import-export industry? The answer may surprise you. According to the General Administration of Customs, China’s foreign trade volume in goods reached 23.12 trillion yuan in the first three quarters of 2020, that’s a year-on-year increase of 0.7S%. What’s China’s secret? How did the country pull off trade growth amid a global pandemic? CGTN’s reporter Rachel brings you the answer. More Videos: Continue reading “Video: Why is China’s trade growing amid the pandemic?”

CGTN | 07-Nov-2020

On April 18, 1990, China announced the establishment of Pudong New Area in Shanghai. Three decades later, it has become home to more than 1,000 financial institutions and the regional headquarters of over 300 multinationals. Pudong’s GDP rose from 6.024 billion yuan in 1990 to 1.27 trillion yuan in 2019. That amounts to 1/80 of China’s GDP, though Pudong’s land area is just 1/8000 of the country’s total. It has become a symbol of China’s reform and opening-up as well as the epitome of Shanghai’s modernization. More Videos: Continue reading “Video: 30 years of Pudong-From farmland to financial wonderland”