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China encourages foreign investment in more sectors, focuses on stable and self-controlled industry chains


China has significantly increased the number and type of items on its newly revised industry catalogue, released on Monday, to encourage foreign investment.


China extends tariff exclusions on six US products by another year

China has said it will extend tariff exclusions for six types of US imports, which are subject to Beijing's countermeasures against the US Section 301 action, by an additional year from Saturday.
Source: Global Times | 2020/12/25 21:28:39

CRRC unit drops out of India bullet train bid, impact seen as limited

The fact that an advanced high-speed railway equipment supplier from China is not taking part in a high-speed railway project in India, which has taken a hostile approach toward Chinese investors after a deadly border clash in the Himalayas in June, could be a blessing in disguise due to the country's poor investment environment, Chinese analysts said on Friday.
Source: Global Times | 2020/12/25 19:58:39

MediaTek surpasses Qualcomm as biggest smartphone chip supplier

MediaTek has surpassed US chipmaker Qualcomm for the first time to become the world's largest smartphone chipset supplier in the third quarter of 2020. The Taiwan-based chip maker occupied 31 percent of market share during the third quarter. China and India were the biggest contributors to MediaTek's successful quarter, said a Counterpoint report.
Source: Global Times | 2020/12/25 19:33:39

China to extend tariff exemptions on 6 types of US goods for another year starting Saturday

China to extend tariff exemptions on 6 types of US goods for another year starting Saturday
Source: Global Times | 2020/12/25 18:54:24

China set up 103 anti-monopoly probes in 2019: regulator

China set up 103 anti-monopoly probes in 2019, the top market regulator said in a report on Friday. 46 cases were concluded and 320 million yuan ($49 million) worth of fines were imposed.
Source: Global Times | 2020/12/25 17:58:39

China to build more entrepreneurship, innovation demonstration bases

China will launch the third batch of demonstration bases for mass entrepreneurship and innovation as part of an effort to propel reform, stabilize employment, and enhance growth impetus.
Source: Xinhua | 2020/12/25 15:00:36

Moutai shares stable after specifically mentioned in anti-monopoly notice

Shares of Kweichow Moutai Co., China's leading liquor maker, inched slightly up after opening low in morning trading on Friday, after the company was specifically mentioned by a regulatory notice from China's top market regulator over the pricing of its liquor during the upcoming holiday season.
Source: Global Times | 2020/12/25 13:53:39

Deutsche Bank becomes first foreign bank approved for domestic securities fund custody in Beijing

Deutsche Bank became the first foreign bank in Beijing approved for the custody of securities investment funds on Thursday. After completing relevant procedures, Deutsche Bank China can directly provide custody services to securities investment funds established in China, Beijing Youth Daily reported.
Source: Global Times | 2020/12/25 12:53:15

Three major Chinese airlines announce suspension of flights between China and UK

Three major Chinese airlines, Air China, China Eastern and China Southern, all announced the suspension of flights between China and the UK.
Source: Global Times | 2020/12/25 11:09:38

Honor reaches first agreement with Microsoft after 'leaving' Huawei

Honor, the phone unit sold by Huawei, announced on Thursday that it has signed an agreement with Microsoft and will use Windows 10 as its official laptop operating system across the globe.
Source: Global Times | 2020/12/25 0:37:09

Talks with regulators mean healthier Ant as compliance good for long-term development

Talks with regulators will make Ant Group healthier and live longer, Chinese analysts said on Thursday, after financial regulators announced that they are summoning Ant for a second round of talks, less than two months after the first discussions caused the company to suspend its historic dual IPO.
Source: Global Times | 2020/12/24 23:34:58

China launches antitrust probe into Alibaba in a move to commit platform economy to more sustainable growth

China's top market watchdog said on Thursday it has launched a probe into e-commerce giant Alibaba's suspected monopolistic acts including forcing merchants to choose one platform between two competitors, in a move that is believed to aim at protecting consumers rights and fairness in market competition to ensure sound, long-term development of a massive part of China's economy.
Source: Global Times | 2020/12/24 22:43:39

China suspends import of logs from two Australian states to stem pest risk

China's General Administration of Customs (GAC) has suspended log imports from Australia's New South Wales and Western Australia, according to a notice issued by the GAC on Thursday.
Source: Global Times | 2020/12/24 22:35:17