SOURCE

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 strongly condemns UK newspaper article that slanders Huawei and the nation's 5G development: Chinese embassy in the UK

China strongly condemns an article published in the UK newspaper Telegraph by a US politician that slanders Huawei and China's 5G development, and hopes the UK side will maintain an open, fair, transparent and non-discriminatory environment for Chinese businesses, including Huawei, said a spokesperson of Embassy of China in the UK on Wednesday.
Source: Globaltimes.cn | 2020/7/2 1:31:42

China confident Kenya will properly handle the SGR case: official

Kenya's Standard Gauge Railway (SGR) project is of great significance to the country's economic and social development and the Chinese side believes Kenya will properly handle a court ruling that declared the contract with the Chinese builder contravened the country's procurement law, the Chinese Embassy in Kenya said on Wednesday.
Source: Globaltimes.cn | 2020/7/2 0:34:49

Neither hyperinflation nor deflation will happen in China: article

Neither hyperinflation nor deflation is likely to happen in China this year, and the country's inflation will be within a reasonable range despite disruption from the coronavirus, according to an article written by scholars at the People's Bank of China (PBC) monetary policy department.
Source: Global Times | 2020/7/1 23:44:14

US food operators accelerate expansion in China

US food operator Shake Shack is to expand in the Chinese mainland with a minimum of 15 new openings in South China by 2030 as foreign catering brands step up efforts to push further into the Chinese market.
Source: Global Times | 2020/7/1 23:40:51

Neither hyperinflation nor deflation will happen in China: article

Neither hyperinflation nor deflation is likely to happen in China this year, and the country's inflation will be within a reasonable range despite disruption from the coronavirus, according to an article written by scholars at the People's Bank of China (PBC) monetary policy department.
Source: Global Times | 2020/7/1 23:34:11

ByteDance loss may hit $6b after India bans Chinese apps

Chinese internet company ByteDance – the parent of the TikTok and Helo apps – could lose up to $6 billion after the Indian government banned 59 Chinese apps following a deadly border clash between Indian and Chinese troops last month, a source close to the matter said.
Source: Global Times | 2020/7/1 22:17:50

Fast lane drives economic rebound

The Asian economy will get a big boost as more countries in the region ease travel restrictions for bilateral exchanges with China, experts said.
Source: Global Times | 2020/7/1 21:53:40

Intel temporarily suspends supplies of chips to Inspur

Intel, which has halted shipments to Chinese server major Inspur, will resume supplies at a later date, the largest US chipmaker confirmed with the Global Times on Wednesday. The suspension, albeit short-lived, could spill over to affect other companies, and similar moves are likely, shrouded in the shadow of US arbitrary unilateralism, according to an industry veteran.
Source: Global Times | 2020/7/1 21:38:40

Sports world slowly gets back to normal as e-training thrives

The 2020 season of the Chinese Super League (CSL) is scheduled to start on July 25, the Chinese Football Association (CFA) announced on Wednesday, with the games to be played in Suzhou, East China's Jiangsu Province and Dalian, Northeast China's Liaoning Province.
Source: Global Times | 2020/7/1 21:18:40

Law breathes new life into Hong Kong

Law-abiding businesses won't hesitate to welcome the newly adopted national security legislation for Hong Kong, as a stable political environment is conducive to their business operations, local companies and market analysts said.
Source: Global Times | 2020/7/1 21:03:40

Plant-based products 'meat' consumer demand amid health concerns

International alternative meat brands are racing to feed the appetites of Chinese consumers, with two US-based food industry giants, Beyond Meat and Cargill, announcing new moves to push into the online and physical markets this week, as customers might be more open to plant-based meat amid rising concerns over meat safety and COVID-19.
Source: Global Times | 2020/7/1 20:13:40

Huawei a target for US, UK after National Security Law for HK is enacted

Technology company Huawei has become a target for a few of Western countries to vent their "anger" at China, on heels of the enactment of the National Security Law for Hong Kong by the country's top legislature on Tuesday.
Source: Global Times | 2020/7/1 18:58:40

Indians worry Chinese app ban could result in job losses, reduced communication

India's ban on 59 apps developed by Chinese companies may have a larger impact than the government wagered, as many locals have expressed their concerns within days of the ban's announcement.
Source: Global Times | 2020/7/1 18:38:40