BizChina

The US is “four or five years” behind China when it comes to home delivery. This is bad news for locked-down cities.

Shao Bingbing - the Courier for Meituan APP - who managed 120 home deliveries daily in Yiwu, before the outbreak of Covid-19.

At the peak of China’s Covid-19 outbreak, more than half of the country’s population — some 760 million people — were living under some form of home lockdown. But even as they hunkered down behind locked gates and guarded checkpoints, deliveries of groceries and KFC were often as little as 20 minutes away while parcels containing phone chargers and pajamas could arrive in hours.

Sam's Club, the high-end membership store of world retailing giant Walmart, is expected to open its flagship store in Shanghai, the third in the city, a proactive move in the face of the fierce competition accelerated by the opening of Costco Wholesale store last year.

Andrew Miles, president of Sam's Club China, said on Wednesday the outlets, growing with their members, are excited to add the flagship outlet into their rapidly expanding footprint, calling it "a testimony of our commitment to our members and China."

Changan Auto's Pure EV released in May 2019.

The Chinese auto market has not fired back up to the table in the first half of the year, as The Paper analyzed Sept 6.

A total of 12.37 million cars were sold in Chinese domestic market in the first half of the year, dropping by 11.8 percent from a year earlier, according to the statistics from the China Association of Automobile Manufacturers.

China on Sunday rolled out revised negative lists for foreign investment market access, introducing greater opening-up and allowing foreign investors to run majority-share-controlling or wholly-owned businesses in more sectors.

With the approval of the Communist Party of China Central Committee and the State Council, the National Development and Reform Commission and the Ministry of Commerce released two negative lists of 2019.