Briefly

Global auto firms pin hopes on China

China continued to be the "most important pillar" of the global automotive industry and of German manufacturers in particular, said a report published by global consulting firm EY. China's share of global sales by German carmakers in the third quarter of the year rose from 35.7 percent to 39.2 percent on a yearly basis, according to EY. During the first COVID-19 wave in the second quarter, 51 percent of all new cars by German carmakers were sold to customers in China. The three major German carmakers, Volkswagen, BMW and Daimler, benefited to an "above-average extent" from the market recovery in China as their third-quarter sales rose by 9 percent on a yearly basis, EY said.

Cross-border trade booms in Zhejiang

Zhejiang province, an e-commerce heartland and foreign trade hub in East China, reported a robust increase in cross-border e-commerce trade during the first 11 months of this year. The export value of retail sales through cross-border e-commerce in the province reached 91.16 billion yuan ($13.95 billion), up by 28.9 percent on a yearly basis, according to the province's department of commerce. Meanwhile, retail imports of cross-border e-commerce rose by 33.4 percent to 33.9 billion yuan, driving up the province's import growth by 1.2 percentage points.

Guizhou adds 20,215 5G base stations

Nearly 20,215 5G base stations have been set up in Guizhou province, the nation's first comprehensive big data pilot area, local authorities said. The province in Southwest China is currently home to more than 9 million 5G users, according to the Big Data Development Administration of Guizhou province.

Xinhua