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HKSAR offers new measures worth $511m to stabilize economy, provide jobs

Hong Kong Financial Secretary Paul Chan Mo-po on Wednesday announced new measures worth HK$4 billion ($510.92 million), including exemptions for businesses' water bills, to help companies and stabilize the job market.
Source: Global Times | 2019/12/4 20:48:41

Chinese netizens accuse the West of double standards in application of facial recognition

Many Chinese netizens have accused the West of using double standards in the application of facial recognition technology in China and the US, after the latter proposed the use of the technology to identify all people entering or leaving the US.
Source: Global Times | 2019/12/4 20:33:40

Figuratively Speaking

Reading of China's Caixin/Markit services purchasing managers's index in November, the highest level since April, from 51.1 in October.
Source: Global Times | 2019/12/4 20:08:40

US' so-called Uyghur bill won't affect region's economy: experts

The US House of Representatives on Tuesday (US time) approved the so-called Uyghur Human Rights Policy Act of 2019, which has been slammed by Chinese authorities and experts as interference in the internal affairs of China.
Source: Global Times | 2019/12/4 19:48:40

Founder's bond default normal as sector becomes more market-driven: expert

China's bond sector has become more market-oriented, and the heightened risk of marketization can be controlled, experts said on Wednesday after Founder Group, a Chinese company managed by Peking University, admitted on Monday that it could not redeem a short-term bond by its due date – its first such default.
Source: Global Times | 2019/12/4 19:23:40

Finance reform reins in risks

“An era which recorded my youth has passed,” said a Beijing-based journalist, surnamed Jiang, who has focused on reporting on peer-to-peer (P2P) lending businesses since the beginning of her career four years ago.
Source: Global Times | 2019/12/4 19:03:41

Trade volume at China-Vietnam border port bustling

The cargo volume at southwestern China's Tianpeng port, located on the border of Yunnan Province and Vietnam, totaled 63,095 tonnes in the first three quarters of 2019, up 22.86 percent year on year.
Source: Xinhua | 2019/12/4 15:14:16

EU eyes 'white-listing' China as drug substance exporter

European Union is considering putting China in the “white list” of countries exporting active pharmaceutical substances to Europe by further streamlining the procedures.
Source: Global Times | 2019/12/4 15:08:39

Brazil's GDP up 0.6 pct in Q3

Brazil's gross domestic product (GDP) rose 0.6 percent in the third quarter of 2019 compared with the second quarter, reaching 1.8 trillion reals (428 billion U.S. dollars), the country's Institute of Geography and Statistics (IBGE) said on Tuesday.
Source: Xinhua | 2019/12/4 15:00:03

Hong Kong to roll out more relief measures amid economic recession

The HKSAR government has allocated about 20 billion Hong Kong dollars (2.55 billion U.S. dollars) in total since August in hopes of reviving an economy that has stepped into a technical recession due to months-long violence and chaos in Hong Kong.
Source: Xinhua | 2019/12/4 10:26:06

Recession hits HK economy

While black-clad protesters in Hong Kong waved American flags and chanted “President Donald Trump, let's make Hong Kong great again,” the city has been plunging into its deepest recession in a decade amid the prolonged unrest. How could its economy survive after the chaos and restore its past glory? (See story on Page S4-5 )
Source: Global Times | 2019/12/3 23:33:40

Why the West shouldn't follow in the US' footsteps regarding Hong Kong bill

After the US enacted two laws that could be potentially punishing for Hong Kong's economy, there is no clear sign that its close allies – including the UK, Canada, Germany and Australia – will follow suit immediately, despite rising calls for them to do so.
Source: Global Times | 2019/12/3 23:28:40

Macao eyes emphasis on financial sector in diversification drive

The Macao Special Administrative Region is set to re-anchor its economy to the financial sector as the casino capital of the world eyes closer ties with the Chinese mainland to rev up its economic diversification away from the gambling industry, a veteran market watcher said on Tuesday.
Source: Global Times | 2019/12/3 21:53:40

China praises Europe's efforts in Iran barter mechanism

China on Tuesday extended praise to several European countries for ramping up efforts to establish a barter mechanism that is designed to circumvent the US' unilateral sanctions on Iran, billing the move as conducive to break US financial hegemony.
Source: Global Times | 2019/12/3 21:53:40

Trump's tariff war backfires on US factories

The US purchasing manufacturer's index (PMI) declined in November and came in below expectations, while the PMIs of China and the EU rose. Analysts said the figures show that the US is lying in the bed it made when it comes to the impact on trade wars on manufacturing.
Source: Global Times | 2019/12/3 21:48:40

Chinese market too important for Canadian businesses to ignore: experts

Canada Goose, Hatley, Factors Group – what do those names have in common? They are all Canadian companies that increased investment in China recently.
Source: Global Times | 2019/12/3 19:23:40

Foreigners are snapping up China's bonds

Foreign investors have been reinforcing their purchasing power on Chinese bonds, official data showed, with analysts giving credit to the reform and opening-up in China's bonds market, and better interest rate spreads between Chinese bonds and foreign bonds.
Source: Global Times | 2019/12/3 13:43:40

Xinjiang's foreign trade up 28 pct in first 10 months

China's Xinjiang Uygur Autonomous Region recorded around 131.5 billion yuan (about 18.7 billion U.S. dollars) in imports and exports in the first 10 months of this year, up 28 percent year on year, local authorities said Monday.
Source: Xinhua | 2019/12/3 13:32:40