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China likely not to set numerical GDP growth target: GT poll

One of the most closely watched aspects of China's two sessions each year is the release of the official target for GDP growth, a reliable indicator of where the world's second-largest economy is headed.
Source: Global Times | 2020/5/19 18:19:29

Chartered flights to bring Chinese students home not approved by US yet: FM

Chartered flights planned by Chinese airlines to repatriate Chinese students from the US are postponed as the US has not approved their applications, the Chinese Foreign Ministry said on Tuesday during a daily press briefing.
Source: Global Times | 2020/5/19 18:13:41

Chinese economists call for increasing deficit-to-GDP ratio to more than 3%

China will raise its deficit-to-GDP ratio in 2020 to hedge the impact of COVID-19 attack during the impending “two sessions,” according to a majority of Chinese economic economists, with some calling for a ratio as high as 8 percent.
Source: Global Times | 2020/5/19 15:13:40

China vows to perfect rules for 'unreliable entity list' in central government guideline

While further opening up its economy, China will perfect its rules for the country's“unreliable entity list,” anti-monopoly investigation, national technological security management list system, and national security-related screening mechanisms for foreign investment, Chinese authorities said in a central government guideline on Monday.
Source: Global Times | 2020/5/19 12:22:22

China vows to further cut negative list and lower tariff levels despite COVID-19

Chinese authorities said on Monday that China would boost the opening-up of the country's manufacturing, services and agriculture sector to allow foreign-controlled or owned enterprises into more sectors and remove all entry restrictions not included in its negative list.
Source: Global Times | 2020/5/18 23:40:18

Chinese economists in heated debate over fiscal deficit monetization

There has been a heated debate among major Chinese economists and advisors recently over whether China should monetize the fiscal deficit, with some voting for the reform at a time when the economy is imperiled by the coronavirus, while others raised objections due to inflation and other risks.
Source: Global Times | 2020/5/18 21:48:40

BRI an essential platform for cooperation with Slovenia in post-coronavirus era

Slovenia's government last week declared an official end to its coronavirus outbreak, becoming the first European country to do so, after authorities confirmed a dramatic slowdown in new cases over the past two weeks.
Source: Global Times | 2020/5/18 21:02:59

China, Tanzania stand together in hard times

The COVID-19 pandemic is spreading rapidly around the world. In the face of the enormous challenges posed by the outbreak, the Chinese and Tanzanian peoples have carried forward the spirit of the Silk Road, stood together in hard times and helped one another in the fight against the pandemic.
Source: Global Times | 2020/5/18 20:53:40

Huawei says survival is keyword this year under US ban

Survival is Huawei's keyword this year in the face of an intensified US ban, Guo Ping, Huawei rotating chairman, said at Huawei's Global Analyst Summit on Monday, the first event it held after the US announced an intensified chip ban on the Chinese tech giant.
Source: Global Times | 2020/5/18 20:20:34

China imposes anti-dumping tariffs on Australian barley: MOFCOM

China will impose anti-dumping tariffs of up to 73.6 percent on barley imported from Australia for five years, effective Tuesday, the Chinese Ministry of Commerce (MOFCOM) said on Monday.
Source: Global Times | 2020/5/18 20:08:40

Foreign firms hope China's two sessions will help boost global economy

Foreign business representatives have high expectations of China's upcoming two sessions as they hope to see strong government measures to support China's return to economic growth.
Source: Global Times | 2020/5/18 19:03:40

China's fiscal revenue down 14.5 pct in January-April

China's fiscal revenue continued to decline in the first four months of the year, down 14.5 percent from one year earlier, official data showed Monday.
Source: Xinhua | 2020/5/18 17:52:20

US government wants to stifle Huawei, says Huawei consumer devices chief

The US government is using "network security" as an excuse to hide its real intention of attacking Huawei, which is threatening its global technology supremacy, a top Huawei executive said in a post widely circulated on Chinese social media on Monday.
Source: Global Times | 2020/5/18 17:28:36

US government's tightening ban is 'arbitrary and pernicious': Huawei

Huawei has said it categorically opposes the amendments made by the US Department of Commerce to its foreign direct product rule that targets Huawei specifically, the company said in a statement sent to the Global Times.
Source: Global Times | 2020/5/18 17:15:25

China's 250 million scooters riders required to wear helmets, price soaring

As China's new traffic policy that makes wearing helmets compulsory for electric scooter riders comes into effect on June 1, the price of helmets is expected to rise alongside a helmet supply shortage in the short term, media reported.
Source: Global Times | 2020/5/18 15:13:40

India is welcome to return to RCEP talks: Commerce Ministry

Beijing will welcome India back to negotiations on the Regional Comprehensive Economic Partnership (RCEP) at an appropriate time, Chinese Vice Minister of Commerce Wang Shouwen told a press conference on Monday.
Source: Global Times | 2020/5/18 14:28:40

Chinese scientists discover human monoclonal antibodies block COVID-19 infection

A team of Chinese scientists has discovered two human monoclonal antibodies that can block COVID-19 infection and can potentially be used for the development of relevant drugs and vaccines, according to a report the team published in Nature.
Source: Global Times | 2020/5/18 13:25:54

Pandemic and the test of economic growth

While it is undisputed that consistent higher economic growth helps countries to reduce poverty and improve lives of the people, it is also well recognised that such progression doesn't happen automatically. Economic growth needs to be geared in a way so that it gradually becomes resilient. It also needs to be distributed as evenly as possible. The intrinsic vigour of economic growth, and for that matter the economy of a country, is thus largely reliant on these two factors.
Source: The Financial Express | 2020/5/18 13:01:24