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China trims US Treasury debt for five months

China cut its US government debt holdings in October, continuing a downward trend over five consecutive months amid deteriorating relations between the world's top two economies.
Source: Global Times | 2020/12/16 11:47:32

Ant Group is 'devoted to clearing up mess' after IPO suspension

The Chinese internet sector, following a decade of boom times in a relaxed environment for regulatory scrutiny, is facing a new task: how to guarantee growth based on innovation amid heightened regulation, which has become increasingly necessary to avert systemic risks.
Source: Global Times | 2020/12/15 20:23:40

China to show a continuance of monetary and fiscal policy next year: analysts

China will maintain its prudent monetary policy and proactive fiscal policy in 2021 as uncertainties over pandemic fallout persist, but the overall tone will return to neutral with a gradual exit from a targeted easing policy, economists said, after the country's central bank made its biggest-ever injection of medium-term funds on Tuesday to boost liquidity.
Source: Global Times | 2020/12/15 20:13:40

Australia has politicized trade, investment with China: Chinese FM

China's measures on some Australian products conform to Chinese law and international practices and the moves are taken to protect Chinese industry and consumers, a foreign ministry spokesperson said on Tuesday.
Source: Global Times | 2020/12/15 18:06:12

China sees $14.4 billion foreign investment in November, rising 5.5%

China's actual use of foreign capital hit 98.7 billion yuan ($14.38 billion) in November, up 5.5 percent year-on-year, maintaining steady growth for an eighth consecutive month, the Ministry of Commerce (MOFCOM) said on Tuesday.
Source: Global Times | 2020/12/15 17:38:47

China on track to eradicate extreme poverty by the end of 2020 despite pandemic: report

China is on track to eradicate extreme poverty as planned by the end of this year, despite the COVID-19 pandemic providing mounting challenges to the agenda, and China's fights against poverty will also empower other developing nations on their way toward sustainable development, said a report by the Boao Forum for Asia (BFA) released in Beijing on Tuesday.
Source: Global Times | 2020/12/15 14:23:41

China rolls out 718,000 5G base stations, with internet connections extending to outlying regions: MIIT

China has rolled out 718,000 5G base stations throughout the country, mostly scattered in the large and medium-size cities, including 330,000 shared among the country's four major telecom operators, said Liu Liehong, the vice director of Ministry of Industry and Information Technology ( MIIT) on Tuesday.
Source: Global Times | 2020/12/15 14:23:40

China's retail sales rise 5% in Nov, factory output continues to accelerate

China's retail sales continue to recover, climbing by 5 percent in November; industrial output also continues to grow, both in line with expectations, showing strong growth momentum as the world's second-largest economy emerges from the impact of COVID-19.
Source: Global Times | 2020/12/15 11:43:45

China's social retail sales climbed 5% in November, up from 4.3% in October

Social retail sales climbed 5% in November y-o-y, in line with expectations and up from 4.3% last year as domestic consumption continues to pick up in China.
Source: Global Times | 2020/12/15 10:12:01

China's industrial output rises 7% in November

China's industrial added value surged 7% in November, in line with market expectations, and faster than 6.9% growth in October: official data.
Source: Global Times | 2020/12/15 10:05:49

G20 economy rebounds in Q3, still below pre-pandemic high: OECD

Gross domestic product (GDP) in the G20 area rebounded by 8.1 percent in the third quarter of 2020 but remained 2.4 percent below its pre-crisis high of the final quarter of 2019, said the Organization for Economic Cooperation and Development (OECD) on Monday.
Source: Xinhua | 2020/12/15 10:03:55

China's retail sales to grow 4-5 percent in 2021: blue paper

China released a blue paper on economic outlook for 2021 on Monday, saying the total retail sales of consumer goods are expected to grow 4 to 5 percent in 2021 on a yearly basis. Meanwhile, the Chinese Academy of Social Sciences estimates that China's economic growth will be about 7.8 percent next year.
Source: Global Times | 2020/12/14 22:35:32

Talks with EU make positive progress in reaching BIT: MOFCOM

China and the EU made positive progress in the latest round of negotiations for reaching a bilateral investment treaty (BIT) last week, China's Ministry of Commerce (MOFCOM) said on Monday.
Source: Global Times | 2020/12/14 21:03:40

China-Europe freight trains face backlog as export orders boom

Driven by booming demand for Chinese goods abroad that has squeezed the capacity of sea transport and pushed up air cargo rates due to the pandemic, China-Europe long distance freight trains are running at full capacity so some goods have to wait until February for shipment.
Source: Global Times | 2020/12/14 20:58:40

Australian mutton exports to China hit hard by pandemic

Australia's mutton export to China has edged down amid the global pandemic and a worsening bilateral relationship with China, with industry observers urging Canberra to take concrete actions to shore up the relationship as Australian brands are being abandoned by Chinese consumers.
Source: Global Times | 2020/12/14 20:53:40

China's film box office surpassing US, other markets that are hit by COVID-19

The Chinese film market has become the world's biggest after smashing global box office record within four months of recovery from the COVID-19 crisis, as other major markets in North America and elsewhere continue to grapple with the pandemic.
Source: Global Times | 2020/12/14 18:28:22

BRI to call for greener business practices

Chinese enterprises have been shouldering corporate social responsibilities in their host countries, progressing China's Belt and Road agenda. Meanwhile, with the international communities reaching a consensus toward achieving sustainable development goals, experts believe that now is the optimal time to foster green development linked to the Belt and Road Initiative (BRI).
Source: Global Times | 2020/12/14 17:58:40

China opposes provocation on Lancang-Mekong River cooperation: Foreign Ministry

China welcomes "constructive suggestions" from countries outside the Lancang-Mekong River valleys on the development and utilization of the river's water resources, but firmly opposes intentional provocation, said the country's Foreign Ministry on Monday, responding to a question on a US-funded program that will use satellites to monitor river dams on the upstream of the Lancang River.
Source: Global Times | 2020/12/14 17:28:40