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Luxembourg-based ArcelorMittal reported negative net profit of .9 billion last year. It produced 89.8 million tons of crude steel in 2019, and generated .6 billion in revenue.

Lu Zhenwang, CEO of Wanqing Consultancy in Shanghai, said JD has to seek new business growth points, adding its spending on establishing an intelligent delivery network and developing advanced automation technologies is very high.

MACAO -- The population of China's Macao Special Administrative Region (SAR) has increased by 3,400 quarter-to-quarter in the first quarter of this year, according to the statistics released by Macao's Statistics and Census Service on Wednesday.

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MALE - Tourist guest houses in the Maldives' capital may reopen in November, local media quoted Minister of Tourism Abdulla Mausoom as saying here Wednesday.

Lu Minfang, CEO of Mengniu, speaks in a media interview during the second CIIE. [Photo provided to chinadaily.com.cn]

MIIT chief engineer Chen Yin said the ministry has been working with other departments on reducing automobile import tariffs "by a considerable amount," and would make the cuts public as soon as possible.

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Lu Zhenwang, CEO of Wanqing Consultancy in Shanghai, said: "With the rapid development of the mobile internet, people prefer shopping online, watching videos and playing games online, and enjoying other internet value-added services via their mobile phones.

MANILA - Philippine Finance Secretary Carlos Dominguez has hailed the "significant progress" made in the implementation of Philippine infrastructure projects funded with Official Development Assistance (ODA) from China, a statement said on Wednesday.

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M0, the amount of cash in circulation, dropped 13.8 percent to 7.5 trillion yuan.

MADRID - Spanish gastronomy is vital to help boost Spain's profile in China, says Carlos Espinosa de los Monteros, the high commissioner for Marca Espana, a Spanish government institution set up to promote Spain's image abroad.