China, Ukraine to deepen Belt and Road cooperation
China and Ukraine agreed on Wednesday to work together to combat the COVID-19 pandemic, comprehensively deepen cooperation on the Belt and Road Initiative, and leverage their respective strengths for mutual development.
Chinese container makers work at full capacity amid global supply shortage
With jammed ports, halted production and disrupted logistics continuing to paralyze the US, Australia and some European countries amid the pandemic, Chinese container makers have been working at full capacity since mid-year -- but they still can't meet demand, while costs soar and delivery times for some raw materials get longer.
Hotel reservations for New Year up 80% in China: report
Chinese tourists are increasingly wondering how to book a desirable hotel for the coming holidays, and data from several online travel platforms show that the coming New Year holidays are likely to be busier than recent months.
Tariffs to fall on 883 products to boost supplies of drugs, high-tech components
China will lower tariffs on 883 imported products, including cancer drugs and other medical goods, high-tech equipment and components, and environmentally friendly products as of January 1, as a move to boost supply of much-needed high-quality products, the Customs Tariff Commission of the State Council said on Wednesday.
Chinese OS developer launches ecosystem alliance to break up Microsoft monopoly
Uniontech, the developer of Linux-based Unity Operating System (UOS), on Wednesday launched an ecosystem alliance revolving around the major domestic operating system that's envisioned to become the Chinese equivalent of Microsoft Windows, in a high-profile move to defuse woes over a US-initiated decoupling.
China's GDP projected to grow 7.9% in 2021 as recovery accelerates: World Bank report
Economic growth in China is expected to slow to 2 percent this year, before rebounding to 7.9 percent in 2021 as private investment and consumption heats up, a World Bank report released on Wednesday projected.
First section of the China-Laos expressway to boost cross-border exchange: FM
The opening of the Vientiane-Vangvieng section of the China-Laos expressway is expected to boost cross-border business and people-to-people exchange between the countries, said Chinese Foreign Ministry Spokesperson Zhao Lijian on Wednesday.
China very likely to be Apple's car production base: analysts
If a reported ambitious electric car plan by Apple is true, which is highly possible, the company is very likely to put its production base in China, whether it chooses the original equipment manufacturer (OEM) model like the iPhones that are manufactured by Foxconn, or sets up its own factory like Tesla, as China has the most integrated industry chain and the world's largest new-energy vehicle (NEV) market, some industry analysts said on Wednesday.
China should differentiate regulation on fintech firms: former PBC official
Differentiated supervision measures should be implemented for the fintech sector in China according to levels of platform and technology companies, as well as the magnitude of the risk and who bears it, Wu Xiaoling, former vice governor of the People's Bank of China (PBC), the central bank, told reporters on Wednesday, according to media reports.
CNOOC's offshore oil production hits record high of 65 million tons
China's largest offshore oil producer CNOOC announced that China's offshore oil and gas production hit a record high of 65 million tons in 2020, becoming an important pillar for ensuring national energy security, according to a CCTV report.
Canada's vetoing Arctic gold mine acquisition is 'political inference': FM
Canada's unjustified veto of a Chinese company's commercial acquisition of a gold mine located within the Arctic Circle provoked a response from the Chinese Foreign Ministry, which criticized the Canadian government of politicizing regular business cooperation and engaging in political inference.
Two lawmakers urge U.S. to further tighten restrictions on China's SMIC
Two key Republican lawmakers on Tuesday urged the Trump administration to strengthen new rules adopted Friday aimed at preventing China's biggest chipmaker SMIC from getting access to advanced US technology.
Apple targets car production by 2024 and eyes 'next level' battery technology
Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.
Domestic high-speed bullet cargo train rolls off production line
Led by CRRC Tangshan, and co-developed by several domestic companies, China's first high-speed bullet cargo train was finally completed at Tangshan, in North China's Hebei Province.
Yuan bills in HK oversubscribed by three times in vote of confidence in economy: PBC
The People's Bank of China (PBC), the country's central bank, announced on Wednesday that it has successfully issued 10 billion offshore bills in the Hong Kong Special Administrative Region (HKSAR), with global investors oversubscribing for the bill by three times in a vote of confidence in the Chinese economy.
China's GDP projected to grow 7.9% in 2021, as recovery accelerates: World Bank
Economic growth in China is expected to slow to 2 percent this year, before rebounding to 7.9 percent growth in 2021, as private investment and consumption heats up next year, a World Bank report released on Wednesday projected.
China's natural gas increment hits 10 billion cubic meters for 4 consecutive years: NEA
China's natural gas production has increased by more than 10 billion cubic meters for four consecutive years, Zhang Jianhua, head of the National Energy Administration (NEA), said at China's annual energy work conference on Tuesday, according to the Xinhua News Agency.
US retailers welcome newly reached fiscal relief, call for more aid
The National Retail Federation (NRF) has welcomed the Congressional passage of the COVID-19 relief package, noting that more robust stimulus is needed to shore up the economy.