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BEIJING (MNI) - The following lists highlights from Chinese press reports
China's goods retail sales in June returned to the same level as last year
at CNY3 trillion, the Economic Information Daily reported citing the Ministry of
Commerce. Sales of durable goods rose sharply, with communication equipment,
cosmetics, and home appliances up 7.4, 7.6 and 5.5 percentage points,
respectively, from May. Consumption is seen to further improve as business and
income support policies kick in, the newspaper cited the ministry as saying.
China and France are committed to letting Huawei invest in French 5G
networks, the Xinhua News Agency reported late Tuesday following the conclusion
of a bilateral economic dialogue. France will ensure its strategic and national
security interests protected, Xinhua said citing the French Minister of Economy
and Finance Bruno Le Maire.
The Chinese economy still faces challenges including lagging consumer
demand, weak income growth and employment, Tian Xuan, the deputy dean of the PBC
School of Finance at Tsinghua University wrote in a commentary in the People's
Daily on Wednesday. Private companies providing 80% of jobs are still impacted
by the epidemic and more attentions should be given to the economic structure
when evaluating growth, Tian said.
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