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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.


India should treat Chinese companies as valuable contributors not push them out: experts

Chinese investor confidence in the India's market is being harmed by that government's tough measures targeting Chinese businesses, and will hit India's economy hard considering global investment has been scarce amid the COVID-19 outbreak, Chinese businesspeople in the country say.
Source: Globaltimes.cn | 2020/7/8 2:33:29

Ramping up capital market reforms urgently required to maintain financial security

Ramping up China's capital market reforms is urgently needed to boost national competitiveness and maintain economic and financial security, Xiao Gang, former head of China's securities regulator said on Tuesday, shining more attention on the nation's sizzling stock market.
Source: Globaltimes.cn | 2020/7/8 1:44:44

CRCC completes 1st subway tunnel in Moscow

A homegrown tunnel boring machine independently developed by China Railway Construction Corp (CRCC) broke out of the soil on Tuesday, completing construction of the first tunnel by CRCC in the Moscow Metro Southwest Line project.
Source: Global Times | 2020/7/8 0:56:59

Is it really easy for India to 'Boycott China'?

Rampant anti-China sentiment in India threatens to cause severe damage to economic ties between the two countries, following the fatal clash at the border last month. But an overall review of China-India trade and investment data offers a clear message to New Delhi that it may be not the best choice to continue indulging this dangerous trend, as it could lead to unfortunate consequences. This is especially true at a time when the world economy is under mounting pressure from the COVID-19 pandemic. Sound economic and trade relations between the second-largest and fifth-largest economies in the world is of paramount importance for both sides, and for the rest of the world.
Source: Global Times | 2020/7/8 0:53:14

China welcomes foreign investment in housekeeping business

China welcomes foreign firms to invest in its housekeeping services, which is not on the negative list for foreign investment, an official with the country's commerce ministry said Tuesday.
Source: Global Times | 2020/7/8 0:03:41

Chinese yuan climbs to four-month high, breaking 7 per US dollar

The Chinese yuan broke the key 7 against the US dollar mark in the offshore market on Tuesday, reaching its highest level in almost four months amid surging Chinese stocks and a drop in the US dollar index.
Source: Global Times | 2020/7/8 0:03:40

Domestic semiconductor maker going public

Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC)'s fast-track listing and fundraising at Shanghai's Sci-Tech Innovation Board will not only accelerate the industry leader's research and development ability, but also mark the beginning of the fast development era of the country's semiconductors.
Source: Global Times | 2020/7/7 23:58:40

China suspends meat imports from more foreign plants due to COVID-19 spread

China customs has issued a revised import suspension list, adding a number of contaminated meat suppliers from Germany, Brazil and the UK, where the COVID-19 pandemic continues.
Source: Global Times | 2020/7/7 23:48:41

Phase one trade deal implementation progressing

China and the US have achieved progress in the implementation of their phase one trade deal, despite “lags” in certain imports that fell slightly behind schedule due to technical and supply issues on the US side on heels of the latter's coronavirus outbreak.
Source: Global Times | 2020/7/7 23:43:26

Chinese internet firms face dilemma going overseas

As Chinese-funded platform TikTok win a rising number of Internet users in many overseas markets, politicians from some countries are seeking every opportunity to pick fault with the app, citing their data security to set obstacles for its business expansion.
Source: Global Times | 2020/7/7 23:38:40

Chinese firm ramps up new infrastructure construction amid economic recovery

An array of high-tech Chinese firms have announced plans to advance their construction of new infrastructure projects, through which China aims to hedge against the impact of the COVID-19 pandemic.
Source: Global Times | 2020/7/7 21:33:41

Cost of emigrating HKers to UK too high

The idea of providing British National Overseas (BNO) passport holders in Hong Kong with access to British citizenship makes big political noise but would have little practical outcome, especially as the British economy has been devastated by Brexit, the ongoing pandemic and a high unemployment rate. Emigrating to the UK would only mean greater costs of living and future career risks for BNO passport holders, experts and Hong Kong residents said.
Source: Global Times | 2020/7/7 20:58:40

Dangdang farce continues with ousted co-founder launching latest attempt to regain control

The Dangdang farce continued on Tuesday, with the Beijing-based e-commerce platform and its ousted co-founder Li Guoqing exchanging their latest round of verbal attacks.
Source: Global Times | 2020/7/7 15:28:40