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News highlights from Asean countries in the Star-AseanPlus section for Wednesday (July 28)
HANOI (Vietnam News/ANN): Many Vietnamese rubber companies recorded outstanding growth in revenue and profit in the second quarter due to higher rubber prices.
BEIJING (China Daily/ANN): China will encourage its pilot free trade zones (FTZs) and comprehensive bonded areas to build global supply warehouses and transportation hubs during the 14th Five-Year Plan period (2021-25), in order to spur new forms and models of foreign trade, a government official said on Tuesday (July 27).
‘Made in China, sold on Amazon’ merchants scramble to minimise losses after US platform closes over 50,000 Chinese shops
Several Chinese merchants failed to agree to a legal strategy to challenge Amazon’s ban of their shops for alleged fake reviews. Amazon, whose terms do not allow for class-action lawsuits, is holding onto millions of dollars in assets belonging to the e-commerce sellers, lawyers say.
The paper says that there are no easy short-term fixes to the Philippine's current economic crisis caused by Covid-19.
BEIJING: China’s dual-circulation development pattern will create more space for the growth of multinational corporations (MNCs) in services, innovation-driven areas and businesses related to digital empowerment, a study-based report released by a government think tank showed.
BEIJING, July 16, Global Times - China's GDP grew by 7.9 percent in the second quarter of 2021, and expanded 12.7 percent in the first half of the year, according to data the National Bureau of Statistics released on Thursday. The data also shows the country's average two-year GDP growth was 5.3 percent. From the perspective of tendency, the average two-year growth of the year-on-year GDP growth for the first quarter was 5.0 percent, and 5.5 percent for the second quarter. On a quarter-on-quarter basis, GDP growth of the first quarter was 0.6 percent, and 1.3 percent for the second quarter. These figures reflect the steady growth of China's economy, and its prospects are promising.
China's foreign trade rose 27.1 per cent year on year to 18.07 trillion yuan (US$2.79 trillion) in the first half of the year, the best performance in history, official data showed Tuesday.
Chinese officials on Tuesday reported a 27.1 per cent year-on-year growth for exports and imports in the first half of 2021 following 13 consecutive months of growth, shrugging off mounting pressure from a set of challenges, including surging raw material prices, resurgence of Covid-19 in China's major export hubs and other external hurdles.