News

Economy

Chinese industrial production grows 3,9%

China's industrial production grew by 3.9% year-on-year in April, the first time that it has registered an increase so far in 2020, a period in which the Asian country's economy has been strongly affected by the coronavirus crisis. , reported today the National Statistical Office (ONE).

The figure is well above the forecasts of analysts, who pointed to a growth of about 1.5% in this period.

Economy

Aldesa

Four and a half months after the official announcement, after obtaining the permits from the Competition authorities, China Railway Construction Corporation (CRCC) has closed the purchase of 75% of the capital of Aldesa, a Spanish company owned by the Fernández Rubio family, which was in trouble financial. The Asian company, the second largest company in the construction sector, has decided to definitively seal the takeover of the Madrid company despite the impact that covid-19 is having on the world economy and on the brick sector in particular.

Economy

Industrial profits in China fall 36,7% year-on-year

The profits of the main Chinese industrial companies plummeted 36.7% year-on-year in the first quarter of 2020 due to the impact of the SARS-CoV-2 coronavirus pandemic.

Data released today by the Chinese National Statistical Office (ONE) indicates that earnings in the first quarter of the year were 781.45 billion yuan (102.34 billion euros).

New technologies

China deploys 5G on Everest

According to Global Times, China Mobile, the world's largest telecommunications operator by subscriber count, and Huawei jointly opened three 5G stations in Mount Qomolangma base and transition camps on April 19, at altitudes of 5,300 meters and 5,800 meters, respectively, said a spokesman for China Mobile.

Economy

world’s largest soccer stadium

China and mega-constructions are often synonymous. For example, the Asian country has the longest bridge in the world ever built and now they are looking to repeat the feat with the highest capacity soccer stadium in the world. As if that were not enough, it will also have the shape of a gigantic lotus flower.

Culture

Hutongs

In Beijing, the hutongs are more than alleys where ordinary people live, as they contain many historical remains and old residences. This urban structure of the Yuan dynasty began in the 13th century AD.

Hutongs are deep alleys that stretch straight between the main streets and are made up of Siheyuan lines, traditional multi-room residences that open onto a square courtyard. First-time visitors to Beijing are often drawn to these narrow alleys. In them, tourists can find the typical elements of the ancient city of Beijing, feel the atmosphere of the imperial helmet and experience the authenticity of the Chinese capital.

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