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Whopping sales in Hangzhou mall suggest retaliatory consumption by Chinese out of virus isolation


A shopping mall in Hangzhou secured deals worth 11 million yuan ($1.5 million) within five hours, as Chinese shoppers, who had been stuck at home for over three weeks due to the coronavirus outbreak, swarmed to shop with delight.


China's 2020 GDP growth rate could be as low as 5.3%, resulting in an overall world impact: economists

China's 2020 economic growth rate may drop to as low as 5.3 percent due to the impact of the COVID-19 outbreak, said Li Daokui, a senior economist who once served as an adviser for China's central bank.
Source: Global Times | 2020/2/22 16:35:54

Medical firms accelerate coronavirus vaccine research, clinical trials expected in late April

Chinese enterprises and institutions have been ramping up efforts to promote the research and development (R&D) of vaccine for the novel coronavirus pneumonia (COVID-19). Officials said with multiple research approaches, the first vaccine is expected to go for clinical trials as soon as late April.
Source: Global Times | 2020/2/22 18:28:40

Whopping sales in Hangzhou mall suggest retaliatory consumption by Chinese out of virus isolation

A shopping mall in Hangzhou secured deals worth 11 million yuan ($1.5 million) within five hours, as Chinese shoppers, who had been stuck at home for over three weeks due to the coronavirus outbreak, swarmed to shop with delight.
Source: Global Times | 2020/2/22 18:12:14

China will adjust benchmark deposit rate in due time: Chinese central bank official

China will adjust the benchmark deposit rate, the ballast of the national interest system, in due course, a Chinese central bank official disclosed on Saturday.
Source: Xinhua | 2020/2/22 14:32:26

Foreign firms remain confident in Chinese market prospects despite virus fallout

China is likely to face a gloomy and complicated prospect in stabilizing foreign investment due to the novel coronavirus onslaught as many global companies in the Chinese market reported difficulties in restarting operations and facing an obstructed supply chain, Chinese officials and experts said Friday.
Source: Global Times | 2020/2/21 19:53:40

Chinese demand Amazon apology for slogan

Chinese consumers on Thursday expressed outrage toward US e-commerce behemoth Amazon for selling clothes and coffee mugs featuring the slogan "Coronavirus made in China" on its platform.
Source: Global Times | 2020/2/21 1:03:49

Robots, clocks and computers: How Ancient Greeks got there first

A humanoid figure dressed as a maid holds a jug in its right hand and, as hidden gears click and whirr, lifts it and pours wine into a cup a bystander has placed into the palm of its left.
Source: Reuters | 2020/2/21 20:48:40

Record Antarctic temperatures spark fresh concern

As Antarctica became the latest place on Earth to smash its high temperature record, new studies are alerting humanity to the risks of continuing to warm the continent that is home to enough frozen water to lift global sea levels dozens of meters.
Source: AFP | 2020/2/21 20:43:40

Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns

Vodafone and Telekom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying EU antitrust concerns over the creation of Italy's largest mobile tower company, according to an EU document seen by Reuters.
Source: Reuters | 2020/2/21 20:33:41

China's GWM to take over Thai, Indian plants from GM

Chinese carmaker Great Wall Motors (GWM) will take over General Motor's (GM) manufacturing facilities in Thailand by the end of 2020, as the US automaker prepares to withdraw from some non-profitable operations in Asian Pacific region.
Source: Xinhua | 2020/2/21 20:33:40

Over 70 pct enterprises resume operation in Shanghai

Over 70 percent of industrial and commercial companies above designated size have resumed operation in Shanghai, local authorities said Friday.
Source: Xinhua | 2020/2/21 20:26:56

China releases more pork from reserves to ensure supply

China's top economic planner said Friday the country released an additional 11,673 tonnes of frozen pork reserves to ensure market supply.
Source: Xinhua | 2020/2/21 20:18:51

China issues tariff exemptions for US imports

China on Friday released a list of tax-exempt goods from US imports which were slapped with tariffs in the trade war, paving the way for more purchases of US products amid the spread of COVID19, which reflects an interdependent trade relationship, analysts said.
Source: Global Times | 2020/2/21 19:43:40