Briefly

Shanghai's Jan-Nov foreign trade hits record

Shanghai's imports and exports increased 1.2 percent year-on-year to 3.86 trillion yuan ($540 billion) in the first 11 months, a record high, the Shanghai Customs said on Wednesday. Exports rose 1.7 percent year-on-year to 1.59 trillion yuan, while imports climbed 0.8 percent to 2.27 trillion yuan.

Alibaba to set up new asset management unit

Chinese tech company Alibaba Group Holding Ltd said on Wednesday that it will establish an asset management company to manage the operation of its noncore assets and boost return on capital. Dai Shan, previously the CEO of Alibaba's e-commerce business units Taobao and Tmall Group, will assist in setting up the new company.

Anhui boosts rural areas with innovation

Anhui province is boosting rural vitalization through innovative means by relying on science and technology. It has set up a rural vitalization institute at Anqing Vocational & Technical College, arranging groups of teachers holding doctoral degrees to help farmers elevate their farming and processing skills. These include new techniques on bean curd (tofu) products and raising crop survival rates.

China Daily