Category: In Focus

CGTN | 27-May-2020 | Tencent WeChat

Tencent, one of the world’s largest digital tech companies, created WeChat, which boasts 1.1 billion monthly active users. The added value of a new generation of the information technology industry in Shenzhen was 477 billion yuan in 2018, accounting for 20 percent of the city’s GDP. Continue reading “Chinese cities turn to innovation as engine for development – WeChat”

CGTN | 27-May-2020 | China Global Supply Center

China has become a center in the global supply chain over the past decade, accounting for 35 percent of the global manufacturing output, McKinsey Global Institute pointed out in a report. The country has also become the largest market in the world for many products such as automobiles, luxury goods and mobile phones, accounting for 30 percent or more of their consumption worldwide, the McKinsey report added. Continue reading “China remains global supply center”