Pilot investment programs to expand

China will expand the scale of two pilot programs that allow domestic investors to access foreign assets, the country's foreign exchange regulator said. The scale of the outbound investment programs－Qualified Domestic Limited Partner and Qualified Domestic Investment Enterprise－in Shanghai, Beijing and Shenzhen will be expanded in the near future, according to the State Administration of Foreign Exchange. The move aims to further meet domestic investors' demand for global asset allocation, it said.

Tablet shipments up by 21.7% in Q3

Tablet computer shipments soared to 6.9 million units during the third quarter of the year in China, up 21.7 percent on a yearly basis, a new report said. The surge marks the highest growth rate since 2014, according to the report from the global market intelligence firm International Data Corp. "Out of stock" was the norm across retailers in the third quarter thanks to booming online education and strong demand for entertainment in the global market amid the COVID-19 pandemic. China's tech giant Huawei continued to lead the market with a 37.7 percent market share by shipping 2.6 million units in the period.

Xinhua