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Chinese tech shares see strong NASDAQ performance amid surging domestic stocks


As China's A shares continue to roar, the latest Chinese stocks on NASDAQ also rocketed on Wednesday.


China's first 100% homegrown memory chips in mass production in Shenzhen

The first 100 percent homegrown memory chips are currently in mass production in Shenzhen, South China's Guangdong Province, breaking the foreign technology monopoly and serving as an alternative to imported products.
Source: Global Times | 2020/7/9 13:31:27

Chinese cities boost digital layouts under new infrastructure construction efforts

Guangzhou in South China's Guangdong Province has established a digital new infrastructure project library under efforts to boost investment in new infrastructure construction, with a total investment of about 260 billion yuan ($37.2 billion) for the first group of projects.
Source: Global Times | 2020/7/9 12:13:40

China's PPI decline slows in June, indicating mild market improvement

China's producer price index (PPI), a gauge of factory inflation, dropped 3 percent in June compared to the same period last year, but improving from a 3.7 percent drop in May amid a mild recovery in international and domestic demand.
Source: Global Times | 2020/7/9 12:11:05

Chinese tech shares see strong NASDAQ performance amid surging domestic stocks

As China's A shares continue to roar, the latest Chinese stocks on NASDAQ also rocketed on Wednesday.
Source: Global Times | 2020/7/9 11:42:34

China's CPI up 2.5 pct in June

China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, the National Bureau of Statistics said Thursday.
Source: People's Daily | 2020/7/9 9:58:03

Argentina government holds dialogue with Huawei on 5G

While some countries are busily joining in fights against Chinese technology company Huawei based on political bias, others like Argentina chose to embrace it with an open heart for new technologies.
Source: Globaltimes.cn | 2020/7/9 1:33:49

Dangdang's ousted co-founder in police custody after break-in: report

Li Guoqing, the ousted co-founder of Beijing-based e-commerce platform Dangdang, is in police custody after reports of a break-in at the company's office on Tuesday, as the lengthy power struggle over control of the company continues, media reports said on Wednesday.
Source: Globaltimes.cn | 2020/7/9 1:08:44

Chinese display producer BOE expands flexible screen production

Panel display-maker BOE announced Tuesday the completion of the main production line for its 6th-generation self-developed AMOLED flexible display panel in Southwest China's Chongqing, which is expected to be put into use in 2021.
Source: Global Times | 2020/7/8 23:56:13

Blue Orca shorts Chinese infant milk formula company Feihe

Feihe, a Chinese infant milk formula company, has strongly refuted Blue Orca's report claiming it has been inflating its revenue. Feihe's shares jumped more than 5 percent after its statement.
Source: Global Times | 2020/7/8 23:50:01

No need for US consent on LERS regime: HK financial chief

There is no need to ask for US consent on a decades-old exchange rate system linking Hong Kong's local currency and the US dollar, Hong Kong Financial Secretary Paul Chan Mo-po said Wednesday, as the recent investors' chase after Chinese assets underpins the strength of the local currency.
Source: Global Times | 2020/7/8 23:48:40

Premier Li's visit to China's Data Valley shows emphasis on tech-powered economic upgrading

The visit by Chinese Premier Li Keqiang to a big data center in Southwest China's Guizhou Province shows the government's emphasis on developing the data industry while the country is ramping up efforts to develop the “new infrastructure” projects.
Source: Global Times | 2020/7/8 23:38:40

Gay software BlueCity rings NASDAQ bell to celebrate IPO

BlueCity Holdings, owner of China's biggest dating app for gay men, rang the NASDAQ Stock Market opening bell in celebration of its IPO, becoming the latest Chinese social media firm to tap the international capital markets.
Source: Global Times | 2020/7/8 23:28:40

Top securities watchdog warns traders of illegal OTC trading

China's top securities regulator listed 258 illegal platforms and institutions operating illegally in the over-the-counter (OTC) options market.
Source: Globaltimes.cn | 2020/7/8 23:04:17