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Trade talks with Australia unlikely, unnecessary at the moment: expert

China-Australia trade talks are unnecessary at the moment as there are currently no large issues such as trade sanctions, a Chinese expert said on Wednesday. The comments came following media reports claiming Canberra is looking to hold talks with Beijing days after China suspended beef imports from four Australian firms.
Source: Global Times | 2020/5/13 19:38:41

China could set GDP growth target at 3% during Two Sessions

With the Two Sessions - a major event on China's political calendar -- opening next week in Beijing - what rate policymakers will pick for this year's GDP growth target, and whether they will set one at all, is drawing close scrutiny amid the global coronavirus pandemic that has put the world economy in the intensive care unit.
Source: Global Times | 2020/5/13 19:33:41

Analysts project continuous improvement in China's economic activities

China's upcoming economic data for April is expected to further improve on recovering production and demand, institutional analysts said.
Source: Xinhua | 2020/5/13 19:33:40

Shanghai shopping festival pulls in $12 billion sales in 10 days

Offline business returned to its normal level in Shanghai during the city's Double Five shopping festival, with offline sales exceeding 48 billion yuan ($6.7 billion), according to the Shanghai Municipal Commission of Commerce.
Source: Global Times | 2020/5/13 17:51:38

Standard Chartered issues 1st int'l yuan-denominated letter of credit using blockchain

Standard Chartered Bank (SCB) has recently facilitated the completion of the first international yuan-denominated Letter of Credit (LC) transaction using blockchain, signifying an important step within the market for supporting the renminbi (RMB).
Source: Xinhua | 2020/5/13 14:22:00

China's macro leverage ratio saw a notable uptick in Q1 due to COVID-19

China's macro leverage ratio saw a notable rise in the first quarter due to the impact of COVID-19, the country's central bank said on Tuesday, noting however, it's merely a phased uptick as part of efforts to ramp up credit support for the real economy.
Source: Globaltimes.cn | 2020/5/13 4:01:10

China-assisted makeshift hospital handed over to Nigeria

A China-assisted makeshift hospital, the largest of its kind in Nigeria, was handed over to the Nigerian government on Tuesday, shoring up the western African nation's defenses against the COVID-19 pandemic.
Source: Global Times | 2020/5/13 0:11:27

China issues guidelines to boost establishment of demonstration zone with S.Korea

China's top economic planner released overall guidelines on Tuesday to accelerate the establishment of a demonstration zone with South Korea for international cooperation, with key tasks surrounding promoting industrial chain cooperation, enhancing opening-up as well as innovation and people-to-people exchanges.
Source: Global Times | 2020/5/12 21:08:40

China stops beef imports from four Australian companies, due to inspection and quarantine breaches

China said on Tuesday that beef from four Australian companies failed to meet import standards set by both governments and posed a safety risk to Chinese consumers, explaining an earlier decision by Chinese customs to temporarily halt beef imports from the four traders.
Source: Global Times | 2020/5/12 21:03:40

China-EU bilateral investment treaty likely to be signed in 2021

China and the EU may not be able to sign a proposed bilateral investment treaty (BIT) this year as scheduled, due to border control measures for pandemic prevention, which pose barriers in arranging face-to-face negotiations that are deemed vital in addressing many issues, industry insiders said.
Source: Global Times | 2020/5/12 19:53:40

CPI up 3.3% in April as COVID-19 impact ebbs: experts

China's consumer price index (CPI), a main gauge of inflation, and its producer price index (PPI), which measures the cost of goods at the factory gate, continued to decelerate in April.
Source: Global Times | 2020/5/12 19:03:40

China unveils new tariff exemptions on US goods

China on Tuesday announced a new batch of imported products from the US that will be excluded from punitive tariffs. The move came just days after the US released a tariff exemption list for imported products from China.
Source: Global Times | 2020/5/12 15:53:15

China unveils second tariff exemption list of US products

China unveils second tariff exemption list of US products
Source: CGTN | 2020/5/12 13:54:41

China's central bank skips reverse repos Tuesday

The People's Bank of China (PBOC), the country's central bank, skipped open market operations via reverse repos Tuesday.
Source: Xinhua | 2020/5/12 12:57:51

China's CPI grows 3.3 percent in April

China's consumer price index (CPI), a main gauge of inflation, continued to decelerate in April. The further decline was mainly due to declining food prices as life and production gradually return to normal following successful prevention and control of the novel coronavirus.
Source: Global Times | 2020/5/12 11:58:40

Simplified customs declaration via market procurement not possible for medical product exports: Chinese commerce ministry

China's Ministry of Commerce (MOFCOM) said on Tuesday that exports of six types of medical supplies including face masks, gowns, test kits and ventilators should meet quality supervision requirements, and simplified customs declaration via market procurement trade is not possible, as some domestic cities including Yiwu in East China's Zhejiang Province have suspended their export channels.
Source: Global Times | 2020/5/12 10:18:40

China's CPI up 3.3 pct in April

China's consumer price index (CPI) rose 3.3 percent year on year in April, the National Bureau of Statistics said Tuesday.
Source: Agencies | 2020/5/12 9:43:55

China's CPI won't exceed 4% in April, experts say

China's consumer price index (CPI), a main gauge of inflation, probably remained below 4 percent in April on the back of declining food prices, and it will continue to be weak throughout the year, experts told the Global Times on Monday.
Source: Global Times | 2020/5/11 23:05:12