Logistics expenditure was 10.7 trillion yuan in the first 10 months, up 8.6 percent, which was 1.8 percentage points lower than a year earlier.
Logistics brands entered the BrandZ China rankings for the first time as a category, with the largest SF Express coming in at No 11, reflecting the rise of e-commerce and the increase in package delivery volumes in the country.
Looking ahead, the company will make additional investments and expand its business in China, Howeg said. "The development in Asia, particularly in China, has been a big success. Since we have established our joint venture, FESCO Adecco has continued to maintain a high growth rate."
Local governments have been offering longer weekends or flexible working schedules in a bid to boost consumer spending, which has been deeply suppressed by the novel coronavirus pneumonia outbreak.
Looking forward, the company will adhere to technological innovation and build the most powerful information and knowledge-centered mobile ecology this year, making greater breakthroughs in the revenue scale of new intelligent businesses, Li said. He also noted online entertainment, education and advertising will usher in new development opportunities due to the outbreak of the coronavirus.
Local government bonds are more attractive for banks because of the lower risk and higher returns compared with corporate bonds, said analysts. For example, for the 10-year special bond for toll roads in Sichuan, the coupon rate was 3.38 percent, compared with 3.1956 percent for the 10-year treasury bond on Thursday.
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Located about 100 km southwest of downtown Beijing, Xiongan spans Hebei's Xiongxian, Rongcheng, and Anxin counties.
Livestreaming covers a vast array of enterprises including e-commerce, online games, and entertainment.
Located in central Beijing, the Palace Museum was built in 1925. It is based on the Forbidden City, an imperial palace of the Ming (1368-1644) and Qing (1644-1911) dynasties.
Loaded with 50 carriages of small commodities such as bags, socks, and radios, the train will travel 10,150 km via Manzhouli, Inner Mongolia autonomous region and reach Moscow in about 13 days.