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China's Yiwu sends 10,842 TEUs to Europe in Jan-Apr, up 46% year-on-year

China's Yiwu sends 10,842 TEUs to Europe in Jan-Apr, up 46% year-on-year Yiwu, a trading hub in East China's Zhejiang Province, has sent 10,842 twenty-foot equivalent unit (TEUs) of goods such as daily necessities, textiles, auto parts, equipment and small home appliance in the first four months to 42 European countries and regions, including Spain, Germany and Belgium, via the China-Europe freight train.
Source: Global Times | 2020/5/11 22:30:52

Business principle of BRI projects applies to Latin American countries

Due to the impact of the COVID-19 pandemic, Argentina is on the brink of another debt default, posing a certain risk to some Chinese infrastructure projects in the Latin American nation.
Source: Global Times | 2020/5/11 21:34:56

China-Tunisia cooperation stronger than ever

While the whole world is courageously fighting the COVID-19 pandemic, business opportunities and social and economic empowerment seem neglected. Nevertheless, a solid partnership based on sincerity, knowledge sharing, transparency and a win-win philosophy is the only asset capable of overcoming difficulties in all circumstances.
Source: Global Times | 2020/5/11 21:18:16

April new yuan loans stronger than expected as support continues for virus-ravaged economy

China's new yuan-denominated loans were stronger than expected in April, central bank data showed Monday, as the nation maintains monetary support for its coronavirus-ravaged economy.
Source: Global Times | 2020/5/11 20:29:42

Calls rise in China to rework deal with US: sources

More hawkish voices have emerged within China on the phase one trade deal with Washington, with some calling for new negotiations and a tit-for-tat approach on spiraling trade issues, after US' malicious attacks on China ignited a tsunami of anger among Chinese trade insiders, the Global Times learned from sources close to the Chinese government.
Source: Global Times | 2020/5/11 19:33:41

Green channel helps SK electronics staff resume work in China

South Korean workers in the electronics industry are gradually flying back to China through a green channel to resume work, improving electronics supply chains affected by the COVID-19 pandemic.
Source: Global Times | 2020/5/11 18:53:40

China bans skyscrapers taller than 500 meters

China is cutting its city skylines, setting a horizon limit at 500 meters, and multiple skyscrapers have been rushing to "readjust" their heights since late April, the China News Service reported on Monday.
Source: Global Times | 2020/5/11 13:53:40

China's car market under pressure in May and June after pent-up demand released in April

Pressure will linger in China's car market in May and June despite warming signs in April, as government stimulus is still muted and people are uncertain about their economic prospects under the shadow of the COVID-19 pandemic, car expects and an industry association noted.
Source: Global Times | 2020/5/11 12:43:40

Hong Kong-Zhuhai-Macau Bridge to monitor safety through 5G

The longest open-sea fixed link on Earth, the Hong Kong-Zhuhai-Macau Bridge (HZMB) will deploy 5G technology and the BeiDou satellite system to "constantly monitor" the safety of the bridge, according to media reports, following an incident in South China last week which saw another bridge shake in the wind.
Source: Global Times | 2020/5/11 11:36:54

Shanghai Disneyland reopens; positive sign for Chinese tourism

Shanghai Disneyland reopened on Monday and welcomed the first batch of visitors at 9 am, its first guests since the theme park was shut in January due to the COVID-19 epidemic.
Source: Global Times | 2020/5/11 10:45:23

Mogao Grottoes in Dunhuang reopen to limited visitors

The Mogao Grottoes in Dunhuang, Northwest China's Gansu Province, reopened on Sunday after being closed for almost 100 days due to the coronavirus outbreak. Only 1,800 tickets may be sold each day, accounting for 30 percent of the maximum capacity. Photo: cnsphoto
Source: Global Times | 2020/5/10 20:33:40

US president's threat to terminate phase one deal risks resurface of tit-for-tat tussle

US President Donald Trump, who is overseeing one of the worst public health crises in US history and facing a tough reelection battle, has no leverage to wage another trade war with China and any attempt to pressure Beijing into making more concessions will likely prompt forceful countermeasures, Chinese trade experts close to the government said on Sunday.
Source: Global Times | 2020/5/10 20:03:40

More consumption stimulus needed to boost full recovery, help struggling services: experts

Production and business activity are quickly getting back on track as the coronavirus pandemic wanes in China, and experts said that it's likely full business resumption will be realized at the end of the month -- but measures are needed to boost consumption.
Source: Global Times | 2020/5/10 19:32:02

China's central bank signals bolder loosening of financial policies to support economy

China's central bank said on Sunday it will make prudent monetary policy more "flexible", which financial experts read as a sign that the People's Bank of China (PBC) might be bolder in loosening monetary policies, including lower interest rates and reserve requirement ratio cuts (RRR), to support the economy.
Source: Global Times | 2020/5/10 17:48:40

Investors not betting on V-shaped recovery despite U.S. stock market gain: economist

Nobel laureate economist Paul Krugman on Saturday refuted reports that recent stock market gain indicated that investors are betting on a V-shaped recovery in the U.S. economy.
Source: Xinhua | 2020/5/10 14:26:54

Investors chase China's tech stocks, buoyed by strong local government support

Two dozen of technology companies have rallied significantly on the Chinese market in the past two weeks, as investors are snatching up tech shares, inspired by the government's growing investment in semiconductor chips, 5G networks, AI, cloud, and other "new infrastructure" projects.
Source: Global Times | 2020/5/9 21:48:14

With pork prices elevating, real estate giant China Vanke builds hog farms

Property developer China Vanke Co has posted a recruitment notice for hog-raising talent, a move which confirmed market rumors that the Chinese real estate giant is going to follow in the steps of some of its peers, like Evergrande, to raise hogs.
Source: Global Times | 2020/5/9 21:18:40

Trump casts doubts on trade deal, though his advisors call for enforcement

The US President Donald Trump casting doubt on the China-US trade deal serves his presidential reelection attempt; however, it contradicts his own trade officials who wanted to stabilize bilateral trade and save the US economy amid the coronavirus pandemic, noted Chinese trade experts.
Source: Global Times | 2020/5/9 16:12:12